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Nvidia (NVDA) is poised for yet another stellar year, with year-to-date (YTD) gains of around 40%, ranking it among the top 50 gainers of the S&P 500 Index ($SPX). It was preceded by gains of 171% in 2024 and 239% in 2023. The gravity-defying rally recently catapulted Nvidia’s market cap to $5 trillion as it became the first-ever company to hit that milestone. Milestones, incidentally, have been a recurring event for Nvidia, as earlier this year, it became the first company to command a market cap of $4 trillion.
