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Nvidia is on track for a record-breaking rally. Its market value rose by $453 billion in a single day.

Vesna Pedchenko

Vesna Pedchenko

Photo: Matt Gush / Shutterstock.com

Photo: Matt Gush / Shutterstock.com

Nvidia’s stock rose 9.2% during trading on August 27—the first session following the release of its latest quarterly report. As a result, the company’s market capitalization could increase by $453 billion on Thursday, according to Dow Jones Market Data cited by MarketWatch. If this trend continues through the close of trading, it will mark the largest single-day increase in a company’s market value in the history of the U.S. stock market.

This rally could also put an end to a string of negative investor reactions to Nvidia's quarterly results: following the company's four previous earnings reports, its stock price fell during the next trading session.

Photo: jamesonwu1972 / Shutterstock.com

Nvidia's forecast for next year sent its stock soaring after the earnings report. What did the company promise?

This news story is being updated.

This article was AI-translated and verified by a human editor

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