Corp, for a short but very significant moment, joined the elite club of American companies whose market value exceeds $1 trillion. The barrier, unattainable for many technology companies, was exceeded during Tuesday’s session. Investors are increasingly interested in a recognized manufacturer of graphics cards and integrated circuits, as it becomes a leader in the race for the market.
In less than eight months, the value of the company’s shares has tripled. As a result of the jump in the popularity of tools such as ChatGPT, Nvidia gained about 200 percent. since October, which is quite a feat compared to other S&P 500 companies. On Tuesday, Nvidia went up another 3 percent on the stock exchange, and its quotations reached the value of $ 401.11.
The final valuation of the company – after temporarily reaching a trillion dollars – fell slightly below this magical value. Crossing the barrier has a more symbolic meaning and can be treated as a prognostic. Only four other American companies belong to the elite club of companies valued at least a trillion. And not just any. They are: Apple, Alphabet (owner of Google), Microsoft and Amazon.
In the era of the growth of artificial intelligence, we see Nvidia as the most important company in the world
– assessed Angelo Zino, an expert of the analytical company CFRA Research, quoted by the agency. So it seems that Nvidia will jump into the club of billionaires for longer, especially since before the week in which it talks about long-term revenue growth.
Nvidia expects orders worth millions. “We are becoming the second iPhone”
There are long queues for systems produced by Nvidia, specializing in artificial intelligence. It owns 80 percent. this increasingly lucrative market. Not surprisingly, the company forecasts sales of $11 billion over the next three months. This is more than analysts predicted, which indicated a value of $7.2 billion.
Jensen Huang, the head of the giant, during a recent meeting with the media, emphasized that artificial intelligence “becomes the second iPhone”. – We receive large orders for redevelopment of data centers. I think we are witnessing the beginning of a ten-year transformation.
There are also voices that dampen this enthusiasm. Bank of America analyst Michael Hartnett, quoted by “”, warns that artificial intelligence may turn out to be a bubble. The hype around artificial intelligence will surely die down a bit. Then it will be clear whether it is a fad or a revolution.
Source: Gazeta
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