Countdown! Huida is about to become the first US$6 trillion company, and its stock price has risen 30% this year

Bloomberg reported on the 6th that as investors poured in again, Huida’s share price rose and it was about to become the first company with a market value exceeding US$6 trillion.

According to reports, Huida’s stock price hit another high after it announced a solid financial forecast and announced the largest treasury stock buyback plan of US$150 billion in history. This treasury share buyback plan comes at a time when the company’s stock price is close to multi-year lows. The two pillars of strong growth and low valuation price-to-earnings ratio make Huida stand out.

Jim Awad, senior managing director at Clearstead Advisors, said, "Huida is attractive in terms of growth or valuation, and it appears to be resistant to any impact of high interest rates on the economy; all of which make it an attractive target, and investors should continue to pay attention to it if they have doubts about the state of the economy."

Huida rose as much as 1.9% in early trading on Tuesday, pushing the S&P 500 index to a new high since August. Huida's share price has risen 30% this year, increasing its market value by US$1.3 trillion to nearly US$5.8 trillion. The S&P 500 has risen 14% this year, with Huida being the biggest driver.

Investors' doubts about hundreds of billions of dollars in spending on artificial intelligence (AI) infrastructure have caused Huida's stock price to plummet 11% this year to March 30. Later, doubts about AI turned to discussions about the existential crisis posed to mankind. At the same time, the risk of inflation and the possibility of the Federal Reserve raising interest rates made giant technology companies such as Huida seem relatively safe to investors.

Larry Tentarelli of Blue Chip Daily pointed out that "as the fear of rising interest rates has become a reality, money has begun to flow into these giant technology stocks because they are better able to withstand the impact of rising interest rates." He added that semiconductor stocks also rebounded due to the rise of Meta Platforms' AI agent Muse. "Funds are returning to semiconductor stocks and giant technology companies on a large scale, both of which are beneficial to Huida."