Nvidia’s Red-Hot 2024 Start a Bright Spot as S&P 500 Eyes Record
- AI winner is trouncing broader market and rest of megacap tech
- Nvidia expected to report another big revenue jump next month
Nvidia headquarters in Santa Clara, California.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Nvidia Corp. is off to its strongest-ever start to a year by one measure, keeping up a blistering rally that saw shares gain nearly 240% in 2023.
The artificial-intelligence darling has added roughly $128 billion in market capitalization after rising about 10% this month, an unprecedented gain in value in the first nine trading days of the year for the company.