This Stock That’s Climbed 14,000% Since Its IPO Is the Newest Member of the $1 Trillion Club. Is It Still a Buy?
This tech player reached $1 trillion on Sept. 21.
Overview
The trillion-dollar club has been leading the S&P 500 through this bull market and to multiple records over the past few years. Now, this isn't an official club but rather a reference to companies with a market value of more than $1 trillion -- and today, there are more than a dozen of them, mainly in the technology sector.
Why is the trillion-dollar club so tech-heavy? The growth of artificial intelligence (AI) surely plays a significant role. Most of these players have seen their market values surge as they've become more involved in this hot space and even generated soaring revenue thanks to AI. For example, Nvidia became the first company to reach $4 trillion in market value last year, and its market capitalization has since surpassed $5 trillion.
Details
Just this week, another company -- one that's greatly involved in the AI race -- saw its market value reach $1 trillion, offering it a spot in this fast-growing club. This is a stock that's climbed 14,000% since its initial public offering. Now the question is: Is this tech player still a buy? Let's find out.
Source
Originally published at www.fool.com.