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Single-Day Market Cap Gains
From:
Greg Womack -- Oklahoma Financial Adviser Greg Womack -- Oklahoma Financial Adviser
Oklahoma City, OK
Thursday, February 29, 2024

 

This week, semiconductor behemoth Nvidia reported blowout earnings that beat even the most sky-high expectations. Nvidia climbed about 16% hitting a record high—and added $277 billion to its market cap—the largest single day increase ever. When you look at the visual below, you'll see that the top five large cap single-day gains have all been made in the last two years. To put that massive gain in perspective, about this time last year the average market cap of an S&P 500 company was $30.4 billion.