This club houses Apple, Microsoft, Alphabet and Amazon
Nvidia is about to hit the $1 trillion mark, making it the first U.S. chipmaker to join the elite club of such companies.
After the publication of the next report, Nvidia shares soared in price. As of May 25, 2023, capitalization has grown to $940 billion. The company took 5th place in the list of the most expensive in the US public market and almost entered the club of trillionaires, which includes Apple, Microsoft, Alphabet and Amazon. Today, the capitalization is already 963 billion dollars.
Nvidia is about to enter the club of trillionaires – the first among chipmakers
Nvidia stunned investors last week with earnings guidance that beat analysts’ expectations by more than 50%. The company is set to generate $11 billion in revenue for the quarter. Wall Street analysts called Nvidia’s forecast “incomprehensible” and “cosmic”, raising their price targets en masse. At its maximum, the company is now valued at around $1.6 trillion, which is on par with Alphabet, Google’s parent company.
Shares of Nvidia rose about 25% last week, sparking a rally in AI stocks and propelling stocks in other chip makers.
