With a market capitalization of $3.34 trillion, Nvidia (NVDA) has become the most valuable publicly traded company on the New York Stock Exchange, surpassing tech giant Microsoft (MSFT). However, this remarkable achievement has also prompted questions and concerns about the sustainability of such a lofty valuation and the potential risks from excessive market concentration within the technology sector. Morning Brief Hosts Brad Smith and Madison Mills break down the details. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
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Nvidia stock was climbing Thursday. Nvidia shares were up 3.5% at $140.34 on Thursday. The stock closed up 3.5% on Tuesday, the last day of trading before the Juneteenth holiday, which saw it pass Microsoft and Apple in terms of market value.