So much for market calm.
Among the S&P 500 mega-cap stocks, NVIDIA Corp (NASDAQ: NVDA) shares gained the most YTD (+86.06%). Nvidia shares also gained the maximum in the last week (+6.46%), the month (31.02%), the quarter (+69.05%), and the six months (+105.04%), reaching a market cap of $672 billion. Nvidia won a host of analyst convictions, especially since the GTC conference, which helped it showcase accelerating demand for its solutions, driven by the demand wave of generative AI and increasing criticality of power
Nvidia CEO Jensen Huang told Yahoo Finance that the company is seeing an increase in demand around generative AI.