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Creating history, Nvidia's market value once exceeded trillions of dollars - AdminSo
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Creating history, Nvidia's market value once exceeded trillions of dollars

On May 31st, it was reported that on Tuesday, local time in the United States, the stock price of chip giant Nvidia briefly rose to a historical high of $419, with a market value exceeding $1 trillion.But then NVIDIA's stock price began to decline, eventually rising 2

On May 31st, it was reported that on Tuesday, local time in the United States, the stock price of chip giant Nvidia briefly rose to a historical high of $419, with a market value exceeding $1 trillion.

But then NVIDIA's stock price began to decline, eventually rising 2.99% to close at $401.11 per share, with a stable market value of $992 billion. To maintain a market value of $1 trillion, Nvidia's stock price must remain above $404.86 per share.

At present, technology giants such as Apple, Alphabet, Amazon, and Microsoft all have market capitalization exceeding $1 trillion.


Last week, NVIDIA released its first quarter financial report for the 2024 fiscal year, with revenue and profits significantly exceeding analysts' average expectations, causing its stock price to soar.

It is worth noting that Nvidia expects its sales to reach $11 billion in the second quarter of the 2024 fiscal year alone, 50% higher than the market consensus of $7.15 billion.

Nvidia's performance exceeding expectations also boosted the stock prices of other chip manufacturers.

This year has been a bumper year for chip manufacturers, some technology companies, and NASDAQ, partly due to the AI boom and the potential slowdown in the Federal Reserve's rate hikes. In addition to NVIDIA, the stock prices of Alphabet, Meta, and Microsoft are also rising.

For generative artificial intelligence platforms such as OpenAI's ChatGPT and Google Bard, Nvidia's GPU (Graphics Processing Unit) is crucial. The company has always been a leader in the GPU field, but many consumers still believed that GPUs were mainly used for gaming.

The emergence of cryptocurrency mining and artificial intelligence has overturned this concept, and the stock prices of GPU manufacturers and suppliers, including NVIDIA, AMD, and TSMC, have risen significantly in the past few months.

In contrast, Intel, plagued by inventory issues and technological development challenges, has always focused on the CPU (central processing unit) chip market. Relatively speaking, the company has not attracted enough investor interest.

Prior to Tuesday's opening, NVIDIA's stock price had risen by 166.5% so far this year. (Small)

Tag: Creating history Nvidia market value once exceeded trillions of


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