Nvidia stock rockets toward best day in 19 months

 

Shares of Nvidia Corp. are on track for their largest single-day percentage gain in nearly 19 months as optimism builds for the company’s annual GTC developer conference that could highlight opportunities within the hot “metaverse” theme.

Nvidia’s stock NVDA, 10.92% is up 8.6% in Thursday trading, putting the company on pace to close with a market capitalization above $700 billion for the first time, according to Dow Jones Market Data. Its current stock price implies a $722 billion valuation.

Earlier this week, Nvidia became the seventh-largest U.S. company in terms of market capitalization as it passed Warren Buffett’s Berkshire Hathaway Inc. BRK.A, -0.94% BRK.B, -0.94%