2024-05-27 10:49:56
New Delhi: American AI chip maker Nvidia is within the information today. This firm is the third largest firm on this planet after Microsoft and Apple when it comes to market cap. It has grown rather a lot in current instances. It has climbed 500 % within the final 18 months. It was listed in 1999 and since then its shares have jumped 250,000%. The nice factor for Indian traders is that a minimum of 15 mutual funds maintain this inventory. The worth of this inventory listed on NASDAQ crossed $1,000 for the primary time on Could 23. The corporate achieved a 628 % enhance in revenue and 268% enhance in income within the final monetary 12 months. In keeping with knowledge from Fisdom Analysis, a minimum of 15 mutual funds in India have invested on this inventory. Motilal Oswal Mutual Fund has the very best funding of Rs 463 crore in Nvidia. Franklin Templeton Mutual Fund and Mirai Asset Mutual Fund have invested Rs 200 crore every in it. Kotak Mutual Fund has an publicity of Rs 188 crore in Nvidia shares whereas Axis Mutual Fund has invested Rs 181 crore. About eight mutual funds have an publicity of lower than Rs 100 crore in it. SBI Mutual Fund has invested Rs 49 crore in it. In keeping with knowledge until April 2024, Bandhan Mutual Fund has the bottom publicity of Rs 23 crore.
Nvidia’s market cap
Nvidia was based by Jensen Huang, born in Taiwan. He bought it listed in 1999 and since then its inventory has given a return of 250,000%. If somebody had invested $10,000 on this inventory 25 years in the past, its worth would have been $25.3 million at this time. Its market cap has reached $2.618 trillion. Its market cap is greater than the GDP of all besides seven nations on this planet. It’s 4 instances larger than Elon Musk’s firm Tesla and greater than the mixed market cap of Walmart and Amazon. Nvidia is now about 15 % away from Apple’s market cap.