The whole village hopes for NVIDIA's stock price to hit new highs frequently, and Huang Renxun's whirlwind to Taiwan becoming the best spokesperson for loving Taiwan.
According to a post by Bloomberg analyst Eric Balchunas, Nvidia's trading volume on 6/4 exceeded the total volume of the next 5 stocks, as well as being twice the trading volume of the world's largest ETF SPY. Balchunas described such a significant lead by a single stock as highly unusual.
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NVIDIA Rides AI Wave to Bring Hope to the Village
Since the launch of ChatGPT by NVIDIA in early 2023, it has ushered in a huge wave of AI, causing its stock price to continuously rise. To date, the increase has reached 703%, also driving up related semiconductor stocks. The semiconductor ETF "SMH" has risen by 141% so far, far surpassing the tech stocks "QQQ" at 71% and the S&P 500 index "SPY" at 38%.
NVIDIA's stock price has also reached new highs this year, closing at $1,150 yesterday. In the last earnings conference, NVIDIA announced a ten-to-one stock split of its common stock, making it easier for employees and investors to acquire ownership. The record date for the stock split is June 6, and the distribution will take place after the close of trading on Friday, June 7, 2024, with the split adjustment taking place at the opening on the 10th.
Jensen Huang, the Best Ambassador for Taiwan
Founder of NVIDIA, Jensen Huang, arrived early in Taiwan before Computex, not only strolling through night markets with the founder of TSMC, Morris Chang but also igniting a craze for Taiwan's gourmet map.
On June 1, Jensen Huang even appeared at Taipei Dome, becoming the most valuable guest to throw the first pitch in history. At the opening, he referred to Taiwan as the home of NVIDIA's partners, with TSMC, Quanta, Foxconn, Advantech, and too many partners supporting NVIDIA for over 30 years, expressing his gratitude to Taiwan.
We are entering an era of AI artificial intelligence, and Taiwan is at the center. NVIDIA will develop new strategies with partners to share growth.
On June 2, Jensen Huang delivered a keynote speech at the Taipei University Sports Center, ending with a video expressing support for Taiwan's supply chain partners. The video concluded with a Taiwan map surrounded by many NVIDIA partners' names, with the words "Thank you, Taiwan," boosting the atmosphere at the event.
Meanwhile, the appearance of the 43 Jensen Huang-branded stocks in the image also saw a strong rise at the opening of the Taiwan Stock Exchange on Monday. "That man" is not only an important driving force in the stock market but also the best ambassador for loving Taiwan, welcomed by the Taiwanese people wherever he goes.
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