NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

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
T
-
GS
-
NVDA
-
SBUX
-
LMT
-
MO
-
SONY
-
CVS
-
BX
-
TSLA
-
BUD
-
SHOP
-
ABNB
-

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

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.