Elon Musk chimes in after Microsoft and Nvidia gain as much as $192 billion in market value in a day. His reaction could be a red flag to investors.
for the stock and suggested it could surge nearly 30%. Both stocks continue to ride the wave of excitement around artificial intelligence, as investors bet the technology will dramatically boost productivity and supercharge providers' profits.
Microsoft shares have soared 50% this year to trade at a record high, which has added around $900 billion to the company's market cap. Nvidia has performed even better — its 225% gain has more than tripled its market cap to almost $1.2 trillion. in November 2020. However, the Twitter owner and Tesla and SpaceX CEO has warned about overheated and volatile stocks in the past.in May 2020, spooking his own shareholders and sending his company's stock downward.
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