Mon, Apr 29, 2024 3:25 PM
Small-cap stock GRM Overseas jumps 9% after this order book update
A Flip by Riya Sharma
In the space of just 18 months, Nvidia's (NASDAQ: NVDA) market capitalization has grown from $360 billion to over $2.2 trillion, making it the third largest company in the world behind Apple and Microsoft. Artificial intelligence (AI) is responsible for the majority of that value creation. Nvidia designs the world's most powerful graphics processing units (GPUs) for data center.
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Both meme stalwarts notched gains over 74% Monday and had further doubled their share prices on the open Tuesday — only to sell off most of the day into the close. Nevertheless, after dozens of volatility halts GameStop closed the day up 62% while AMC jumped by 30%. Amid some gentle coaxing by Keith Gill (aka Roaring Kitty), a slew of names familiar to Reddit (RDDT) boards followed.
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The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and SoundHound AI wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $553,880!
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