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