The market optimism that rose with Donald Trump’s victory in the US elections also affected Nvidia shares. Surpassing Apple, the company reached the highest value in history with a market value of $3.65 trillion. Nvidia, an artificial intelligence chip producer, set a new milestone in the technology world by taking its share value to a record level following the US election results.
The positive atmosphere in the markets after Donald Trump’s election victory increased Nvidia shares by 2.2%, making it the first company in history to surpass $3.6 trillion. Competing with technology giants like Apple, Microsoft, and Alphabet, Nvidia tripled its value this year due to the increasing demand for artificial intelligence technologies globally.
With the market enthusiasm revived by Trump’s victory, the SP 500 technology index showed a growth of more than 4%. Nvidia surpassed Apple in this rally, becoming the world’s most valuable company. Meanwhile, Microsoft also reached a market value of $3.16 trillion with a 1.25% increase in value.
According to analysts, Nvidia may increase its revenue by over 80% to $32.9 billion in the quarterly results to be announced on November 20. The growth in the company’s share value is supported by investments in artificial intelligence by Alphabet and other technology giants. Continuing its rise in the US stock market with innovations in artificial intelligence, Nvidia has reached a level exceeding the combined value of Eli Lilly, Walmart, JPMorgan, Visa, UnitedHealth Group, and Netflix. This success not only positions Nvidia strongly in the field of artificial intelligence but also in the global economy.
The US presidential elections are closely monitored due to their impact on the markets. Republican Donald Trump emerged as the winner. The markets are pricing in the Trump era. The dollar index surpassed the 105 level with a nearly 2% increase, seeing the highest level since July. The dollar also gained over 1% against the euro, sterling, and Japanese yen.
Stock markets started the day positively, with US futures markets rising by nearly 2%. European markets, which were initially negative after the first results, also turned positive. GOLD BELOW 3,000 TLThe uncertainty that preceded Trump resulted in a rise in gold prices. However, with both rising bond yields and the expectation of a decrease in war tensions, there was a retreat in gold prices.