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The previous maximum was recorded in May 2023, when the monthly “jump” amounted to about $250 billion.
Nvidia saw a record surge in market value in January, posting the biggest monthly gain in its history, up $300 billion to a total of $1.52 trillion. Interest in the company stems from increased optimism about artificial intelligence and its recent announcement of expanding offerings for the new technology.
The company's stock hit new highs last December after announcing new desktop GPUs and improving AI-related components and software.
Microsoft at the same time marked itself as the most valuable company in the world, adding $159.36 to its value, which is mainly explained by growing demand for its Azure cloud service. The tech giant recently released its quarterly earnings report and announced AI spending, which is expected to “increase materially” on a sequential basis.
As of Wednesday, Microsoft's market value was $2.95 trillion, pushing it above Apple at $2.85 trillion. Meta strengthened its position last month, surpassing the $1 trillion mark in market value for the first time since September 2021. And Tesla lost about 24.5% of its value due to concerns about slowing growth. CEO Elon Musk warned that sales growth will be “significantly lower” this year despite recent price cuts.
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