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Nvidia Sets $277 Billion Record For Single-Day Market Cap Gain
Why has Nvidia driven stock markets to record highs?
Nvidia posted $22.10 billion in revenue for its fiscal fourth quarter, a 265% increase from a year ago.
Nvidia smashes earnings (again), and sets full-year revenue record. Nvidia’s market capitalization crossed the $2 trillion mark during trading Friday but fell short of closing at the level.
Just three weeks after Meta (META) established the new record for single-day market cap gain, Nvidia (NVDA) shattered the short-lived record by $277 billion during Thursday’s trading session.
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/5b82129e-d0f0-4bb2-9f39-258b446f8e4d/IMG_5177.jpg?t=1708741800)
Source: Yahoo Finance
Following an earlier increase during the day, Nvidia's shares concluded Friday with a modest gain of less than 1%, closing at $788.17 per share. The previous day, Thursday, witnessed a more substantial rise, with Nvidia's stock closing up by 16%.
Following an earlier increase during the day, Nvidia's shares concluded Friday with a modest gain of less than 1%, closing at $788.17 per share. The previous day, Thursday, witnessed a more substantial rise, with Nvidia's stock closing up by 16%.
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/0724aadc-36a1-4a03-98a1-25a310f71511/IMG_5171.jpg?t=1708742071)
Source: Yahoo Finance
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