Nvidia Stock Surges 11.15%, Adding Up to $380 Billion to Market Cap

Jul 31, 2024, 03:17 PM

Nvidia ($NVDA) witnessed a significant surge in its stock price, rising by 11.15% during early trading on July 31, 2024. This increase has added approximately $380 billion to its market capitalization. The company's market cap is now nearing the $3 trillion mark, making it the third largest company in the world. This rapid increase in market value is notable, given that Nvidia's shares were trading significantly lower just 18 hours prior. Earlier in the day, Nvidia's stock was up by 10%, and at another point, it added $285 billion and $300 billion to its market cap.