NVIDIA Gains Up to $250 Billion in Market Cap After CEO's Comments, Stock Up 8%

Sep 11, 2024, 08:10 PM

NVIDIA experienced a significant market cap increase on September 11, 2024, driven by positive comments from CEO Jensen Huang at the Communacopia conference. The company's market cap surged by approximately $220 billion, representing an 8% increase in its stock price. This gain is notable as it is nearly three times the current market cap of Intel, which stands at $80 billion. The intraday market cap gain reached as high as $250 billion, making it one of the largest single-day market cap gains in history. This follows what was one of the largest market cap losses in history just a few days prior.