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Tesla, Nvidia Surge By Same Value As Goldman Sachs, Starbucks In 1 Day

Published 21/08/2023, 22:08
Tesla, Nvidia Surge By Same Value As Goldman Sachs, Starbucks In 1 Day
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Benzinga - by Aaron Bry, Benzinga Editor. When people on Wall Street call companies like NVIDIA Corp (NASDAQ: NVDA) and Tesla Inc (NASDAQ: TSLA) tech giants, they really aren’t kidding about the giant part.

After the companies traded higher by 8.5% and 7.3%, respectively, on Monday, the pair added more than $120 billion to their combined market value, according to data from Benzinga Pro.

This combined total matches the entire value of companies like Starbucks Corp (NASDAQ: SBUX), Goldman Sachs Group (NYSE: GS) Lockheed Martin Corp (NYSE: LMT) and more. Here is a full list of 10 companies that have a lower market capitalization than the value of Tesla and Nvidia's big gain on Monday.

Blackstone Inc (NYSE: BX) - $118 billion market cap

Lockheed Martin Corp - $113 billion market cap

Starbucks Corp - $109 billion market cap

Sony Group Corp (NYSE: SONY) - $109 billion market cap

AT&T Inc (NYSE: T) - $100 billion market cap

Anheuser-Busch InBev (NYSE: BUD) $97 billion market cap

CVS Health Corp (NYSE: CVS) $86 billion market cap

AirBnb Inc (NASDAQ: ABNB) $82 billion market cap

Altria Group (NYSE: MO) $75 billion market cap

Shopify Inc (NASDAQ: SHOP) $69 billion market cap

Benzinga's Take: Next time you find yourself questioning just how big some of these tech companies really are, just remember they are capable of growing by a lot in just one day.

Read Also: 'Unmatched' Nvidia To Blow Past Q2 Estimates On AI Boost, Suggests Analyst: 'We See Limited Competitive Risks'

Photo courtesy of Nvidia.

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

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