A trillion dollars is a lot of money. It’s 1,000 billion dollars! On May 1, just four U.S. companies had that value. Nvidia joined that club in May. Another company also soared to new highs.
A stock is one part of a company. The stock price depends on what people think a company is worth. If they believe it’s worth more money, the price goes up. If they think it’s worth less, the price goes down. People trade stocks on the stock market. Each month, News-O-Matic covers two stocks. Nvidia and Ryanair went up in May.
Going Up: Nvidia (Symbol: NVDA)
Nvidia builds chips for computers. That helps with graphics. Its products go in phones, gaming systems, and cars. Businesses want powerful chips for artificial intelligence (AI). That helped Nvidia’s stock value rise!
At the start of 2023, a share of Nvidia stock was worth $140. The price reached $280 by May 1. Then Nvidia said it made more than expected through March. That made the stock . On May 30, the value hit $405. Nvidia was worth $1 trillion!
Going Up: Ryanair (Symbol: RYAAY)
Ryanair is worth more than any other airline. It flies to more than 200 cities in Europe. That includes its home in Dublin, Ireland. Ryanair doesn’t travel to the United States. But the low-cost airline is growing. The company is buying 300 new aircraft!
Why is Ryanair’s stock soaring? There are a few reasons. The company’s for a year almost set a record. And more people are traveling to Europe. So, company leaders predict more revenue ahead. One share of Ryanair cost $97 on May 1. Now the value is $107.
Updated June 2, 2023, 5:01 P.M. (ET)
By Russell Kahn (Russ)
