Tuesday, June 19th 2018
NVIDIA Joins S&P 100 Stock Market Index
With tomorrow's opening bell, NVIDIA will join the Standard and Poors S&P 100 index, replacing Time Warner. The spot that NVIDIA is joining in has been freed up by the merger of Time Warner with AT&T. This marks a monumental moment for the company as membership in the S&P 100 is reserved for only the largest and most important corporations in the US. From the tech sector the list comprises illustrious names such as Apple, Amazon, Facebook, Google Alphabet, IBM, Intel, Microsoft, Netflix, Oracle, Paypal, Qualcomm and Texas Instruments.
NVIDIA's stock has seen massive gains over the last years, thanks to delivering record quarter after record quarter. Recent developments have transformed the company from a mostly gaming GPU manufacturer to a company that is leading in the fields of GPU compute, AI and machine learning. This of course inspires investors, so the NVIDIA stock has been highly sought after, now sitting above 265 USD, which brings the company's worth to over 160 billion USD. Congratulations!
NVIDIA's stock has seen massive gains over the last years, thanks to delivering record quarter after record quarter. Recent developments have transformed the company from a mostly gaming GPU manufacturer to a company that is leading in the fields of GPU compute, AI and machine learning. This of course inspires investors, so the NVIDIA stock has been highly sought after, now sitting above 265 USD, which brings the company's worth to over 160 billion USD. Congratulations!