GRAPHIC-Nvidia runaway winner in market cap addition in May
June 1 (Reuters) - Nvidia Corp’sQ) market capitalisation jumped the most in May among the top 20 global companies by market value, adding $248 billion, with a majority of the gains coming in the last four sessions, according to Refinitiv data.
June 1 (Reuters) - Nvidia Corp’s (NVDA.OQ) market capitalisation jumped the most in May among the top 20 global companies by market value, adding $248 billion, with a majority of the gains coming in the last four sessions, according to Refinitiv data.
The chipmaker briefly joined the $1 trillion valuation club, as investors bet on its potential to become a major beneficiary of a boom in artificial intelligence following a revenue forecast that was more than 50% above the Wall Street estimate
The company’s shares are up 159% so far this year.
Taiwan Semiconductor Manufacturing Co Ltd (2330.TW) , a key manufacturer of Nvidia’s chips, also saw a big jump in its market cap last month.
Saudi Arabian Oil (2222.SE) and Exxon Mobil Corp (XOM.N) were the biggest losers in terms of market cap, hit by a decline in oil prices last month.
Apple (AAPL.OQ) and Microsoft (MSFT.OQ) led the list with the highest market capitalisation in the world.
Top 20 companies in the world by market cap
Change in market cap in May