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Nvidia Surges, Adds $329 Billion to Market Cap in Historic Gain

Jul 31, 2024, 08:06 PM

Nvidia Corporation experienced a historic surge in its stock price on July 31, 2024, adding up to $329 billion to its market capitalization in a single trading session. This remarkable increase, which saw Nvidia's stock rise by 13%, represents the largest one-day gain in market cap by any company in history. The surge in Nvidia's market value outpaced the total worth of 481 stocks in the S&P 500 index as of the previous day. The company's market cap increase was noted to be as significant as the entire market cap of Microsoft in 2015. This unprecedented growth highlights Nvidia's significant position in the global market, now being the third largest company in the world.