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Nvidia is worth more than the entire French and British stock markets

Here’s a chart that puts the run-up in the value of Nvidia in perspective. The Santa Clara, Calif., designer of the chips at the core of the AI industry, is now worth than the entirety of the German, French and British stock markets.

Deutsche Bank analyst Jim Reid spotlighted this chart in a client note, writing of Nvidia that “with a market cap of $3.35 trillion, only India, Japan, China and the US itself have entire listed stocks that are collectively bigger.” 

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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