According to Wind data, on February 6th local time, Nvidia's stock price rose to a historic high of $697.54 during trading. Since the beginning of 2024, Nvidia has accumulated a 37.76% increase, with a total market value of $461.915 billion to $1.69 trillion.
What is the concept of Nvidia's newly added market value of $461.915 billion?
As of the closing of the US stock market on February 6 local time, the total market values of retail giant Wal Mart, oil giant ExxonMobil and biopharmaceutical giant Merck were US $457.168 billion, US $405.208 billion and US $321.517 billion respectively, which were lower than the market value growth of Nvidia since the beginning of the year.
When will the frenzy of US stock technology giants represented by NVIDIA cease?
Citigroup strategist Chris Montagu stated in a report released on February 5th local time that short bets on NASDAQ 100 index futures have completely exited the market, and investors overwhelmingly expect the market to further rise. "Large scale one-sided holdings pose risks and may amplify market shifts," the analyst warned that investors are highly bullish in US technology stocks, to the extent that any sell-off could trigger a broader decline.
The technology stocks in the US stock market contributed most of the gains to the US stock market by singing all the way, which also triggered the market's concern about the recurrence of the "2000 foam of Scinet" crisis. Bank of America believes that there are structural risks in the current US stock market. Only the unilateral rise of the technology giant will produce a huge foam, and the foam will burst or bring about the collapse of the US stock market.