Nvidia Surges 81% in Q1, Hits $2.2t Market Cap, Outpaces Apple and Microsoft

In the first quarter of 2024, the Nasdaq has seen a return of +10%, with Nvidia leading the gains with an impressive +81% return. Commodities have also performed strongly, with Oil and Gold returning +19% and +11%, respectively. Meanwhile, US Bonds have continued to sell off. In the cryptocurrency space, Bitcoin and Ethereum have posted returns of +57% and +45%. Nvidia has become the third-largest company globally, trailing behind Microsoft ($3.1t) and Apple ($2.6t), with a market capitalization of $2.2 trillion. Over the last decade, Nvidia has seen a remarkable growth of +20,275%, outpacing other major tech companies and cryptocurrencies with Bitcoin at +14,595% and Ethereum at +45%. As Q2 2024 begins, Nvidia has continued to outshine its peers with an 82.3% surge, contributing to its market cap milestone. This performance has led to Nvidia, Meta, Microsoft, and Amazon stocks outpacing competitors like Apple and Tesla.