The financial indices of three continents They were driven to the maximum from a single company, that is NVIDIAwhose shares gained 16.4% in a single day, marking one of the fastest growths seen on the stock market recently.
After the communication of revenues more than tripled in the last quarter of 2023, shareholders began to buy NVIDIA shares en masse, the price of which increased very rapidly and the results of which triggered a positive effect on the main stock exchanges in three continents between the USA, Japan and Europe.
In this situation, Japan's main index, the Nikkei, surpassed the record set 34 years ago, the S&P closed up 2.1% and the Stoxx Europe 600 reached the highest altitude ever recorded previously at 496 points.
AI as a growth factor
The NVIDIA effect can be explained by several aspects of its particular situation: it is a company specialized in high technology and which is investing massively inartificial intelligence through the design and development of new dedicated chips, which is an area on which the markets seem to focus a lot and which brings considerable optimism to shareholders.
The other reason that explains NVIDIA's positive effects on the stock market in general is given by value of the company, which rose impressively, increasing its total market value by $277 billion to $1,940 billion.
This means that NVIDIA, as we previously reported, is currently worth more than Amazon and Alphabet, becoming the third most valued company in the USA after Microsoft and Apple.
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