NASD Rallies; NVDA Hits $2T Market Cap ๐Ÿš€

Can anything stop NVDA?

Good Afternoon!ย 

Hey, everyone. It's Adam from Elite Trade Club.ย 

Hereโ€™s what moved the market today.

Markets ๐Ÿ“ˆ

Stocks continued their upward march on the first trading day of March (You see what I did there?). The Nasdaq rallied to a new high, while the S&P and Dow notched fractional gains.

  • DJIA [+0.2%]

  • S&P 500 [+0.8%]

  • Nasdaq [+1.1%]

  • Russell 2K [+1.0%]

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Market-Moving News ๐Ÿ”Žย 

๐Ÿš€ Nvidia Joins the $2 Trillion Club

Nvidia [NVDA +4.0%] has officially crashed the $2 trillion market cap party, thanks to booming demand for its cutting-edge AI chips.

As March rolls in, Nvidia closes the first trading day not just with a bang, but with a historic milestone, finishing over the $800 mark per share. The stock, buoyant with a 4% rise to about $823, confirmed Nvidia's entry into the ultra-exclusive $2 trillion market value club.

๐Ÿ“ˆย Making the Leap
This isn't just a win; it's a saga of unprecedented growth. Nvidia's journey through the stock market in recent times has been nothing short of a thriller, with AI demand acting as the plot twist that propelled its valuation.

The narrative of Nvidia's ascent, marking a brief flirtation with the $2 trillion mark last month before solidifying its position, is a testament to the transformative power of AI technology in today's economy.

๐Ÿ† Elite Company
Nvidia now rubs shoulders with giants, standing tall alongside Apple and Microsoft in the U.S.'s $2 trillion market cap hall of fame. This feat isn't just about joining a list; it's about setting a record.

With a sprint from $1 trillion to $2 trillion in a mere 180 trading days, Nvidia has not only set the bar high but has redefined the velocity of value creation in the tech sector.

โญ๏ธ A Milestone Moment
As Nvidia celebrates this colossal achievement, the spotlight isn't just on its current success but also on the potential of AI to drive future market trends.

Nvidia's story is more than numbers; it's a beacon for innovation, showcasing the incredible potential lying at the intersection of technology and market ambition.

Top Winners and Losers ๐Ÿ”ฅ

The RealReal [REAL] $2.76 (55.9%)
slated its operating loss by nearly 50% and posted a double-line beat on its Q4 earnings report late Thursday.

Cardiff Oncology [CRDF] $2.91 (+64.8%)
said new trial data showed its discontinued cancer treatment onvansertib produced efficacy as a colorectal cancer therapy.

Adial Pharma [ADIL] $3.26 (+59.8%)
won a new patent covering AD04 as a potential treatment for Opioid Use Disorder.

Gig-Capital5 [GIA] $4.00 (64.0%)
announced a closing date for its pending business combination with QT Imaging.

Energem [ENCP] $3.50 (58.5%)
said its pending business combination with Graphjet Technology will close around March 6th in a late-Wednesday press release.

Scilex [SCLX] $1.34 (41.1%)
signed an underwriting agreement for a $10 million bought deal offering.

That's it for today! Please, write us back, and let us know what you think of the Closing Bell Roundup. We're always eager to hear feedback from our members!

Thanks for reading. I'll see you at the next open!ย 

Best Regards,
โ€” Adam G.
Elite Trade Club

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