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Shocking! Nvidia's market capitalization exceeds one trillion US dollars, once again leading the technology giants

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Release: 2023-06-03 18:07:36
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According to news on May 31, NVIDIA’s stock price hit a record high, and its market value exceeded the US$1 trillion mark, demonstrating its status as a giant in the field of artificial intelligence (AI). This success is not only the beginning of reality;

According to the editor’s understanding, Nvidia and AMD have stated that the number of GPU orders is too large to cope with. Nvidia's order volume is expected to far exceed expectations in the next six months, which will greatly promote the rapid growth of performance.

Shocking! Nvidias market capitalization exceeds one trillion US dollars, once again leading the technology giants

When the U.S. stock market closed on Tuesday, Nvidia's stock price rose 4.3%, and its market value reached $1.02 trillion. Nvidia thus became a member of the trillion-dollar market capitalization club, which includes companies such as Alphabet, Amazon, Apple and Microsoft. It is worth noting that there are less than 10 companies in the global market that can reach this level.

Nvidia’s stock price has surged since last week as the company reported revenue forecasts that far exceeded Wall Street expectations, driven by its focus on AI processors. Demand driven.

Shocking! Nvidias market capitalization exceeds one trillion US dollars, once again leading the technology giants

Nvidia's success seems to highlight the bearish attitude towards Intel for investors. Last week, Nvidia released a major financial report that sent shares of many chipmakers higher, while Intel's shares fell. Although Nvidia's revenue is much lower than Intel's, its market value is more than eight times that of Intel.

Perhaps Huang Renxun has realized that the market is gradually abandoning CPU, and GPU is expected to become the protagonist in the future. At least from a capital market perspective, people are more convinced and willing to believe this.

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source:itbear.com
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