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Nvidia up 3% in premarket, set to reclaim $3 trillion valuation

Published 25/06/2024, 11:10
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Nvidia (NASDAQ:NVDA) stock fell more than 6.6% on Monday, pushing the AI darling’s valuation back below the $3 trillion mark.

However, NVDA is set to claw back some of the lost ground Tuesday, rising more than 3% in premarket. Should it hold onto these gains, the stock would boost its market cap by around $90 billion and back above the $3 trillion threshold.

Nvidia briefly surpassed Microsoft (NASDAQ:MSFT) last week and became the world’s most valuable stock, but it couldn’t retain the top position for long.

Still, NVDA is up more than 138% since the start of the year and is the best-performing stock within the Nasdaq 100 index.

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