Nvidia's capitalization is about to reach the $1 trillion | |
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Following the release of its latest report, Nvidia's stocks surged in value. As of May 25, 2023, the market capitalization had reached $940 billion. The company secured the 5th position in the list of the most valuable publicly traded companies in the US and came close to entering the trillion-dollar club, which includes Apple, Microsoft, Alphabet, and Amazon. Currently, its market capitalization stands at $963 billion. Huang approves: After the publication of "unfathomable" forecasts and the surge in Nvidia's stock, it is on the verge of entering the trillion-dollar club, becoming the first among chip manufacturers. Jensen Huang, President and Co-founder of Nvidia Last week, Nvidia stunned investors with its revenue forecast, surpassing analysts' expectations by more than 50%. The company expects to generate $11 billion in quarterly revenue. Wall Street analysts called Nvidia's forecast "unfathomable" and "astronomical," leading them to raise their price targets en masse. At its peak, the company is now valued at around $1.6 trillion, on par with Alphabet, the parent company of Google. Nvidia's stocks rose by approximately 25% last week, triggering a rally in shares of AI-related companies and stimulating the growth of other chip manufacturers' stocks. | |
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