News

Nvidia’s stock market value surpasses $3 trillion

With a record high of $1,224.40, Nvidia’s share price surged more than 5% on Wednesday, giving the company a market value above $3 trillion for the first time. Thanks to this development, the multinational chipmaker surpassed Apple to become the second most valuable corporation, behind Microsoft. Nvidia is now ranked third in the S&P 500 list of most valuable companies.

Nvidia has long been a major force in the tech sector, especially in the field of AI. Since the launch of OpenAI’s ChatGPT in late 2022, this has increased even more. Businesses such as Amazon, Google, Meta, Microsoft, and Tesla rely on Nvidia’s integrated software and hardware to power their AI models for business operations and cloud-based AI products. The company’s sales increased threefold in its most recent quarter compared to the same time last year due to immense demand for its semiconductors, which serve to power AI applications.

Due in large part to the growing demand for its top-tier processors, the company’s shares has increased 147% in 2024. Following an impressive revenue estimate, the stock has increased by almost 30% since May 22. Just on Wednesday, the company’s market valuation increased by around $150 million. With the PHLX chip index rising 4.5%, semiconductor stocks generally saw a boost from the optimism surrounding AI. Super Micro Computer, a vendor of servers with AI optimization and Nvidia chips, saw a 4% increase. In addition, Nvidia declared that it will increase the payout from $0.04 to $0.10 per share and split its stock 10-for-1 on June 7.

Based on these growth figures, Wall Street anticipates Nvidia to generate $117 billion in revenue in the upcoming fiscal year, which is more than four times the company’s revenue from the previous year and nearly twice that of 2024. With an expected net margin of 53%, Nvidia outperforms Apple with a 26.3% margin and Microsoft with a 36% margin. Even though its own customers are becoming more competitive, the corporation still has a strong hold on the AI market and will likely continue to do so for the years to come.

Recent Posts

Debra Stangl: Curating Calm & Healing for the Modern Soul

In today’s frenetic world, we are always surrounded by elements that can crush our souls.…

1 day ago

10 Largest Deserts in Asia: Breathtaking Natural Landscapes

Asia, the largest continent in the world houses some of the mesmerizing natural splendours. The…

1 week ago

Best Selling Beer in America: Top 10 Beers You Need to Try in 2025

Beer is one of those beverages that can make any event special. Doesn’t matter in…

1 week ago

10 Deepest Lakes in the World: Fascinating Facts and Records

There is a popular state that “Nothing is more mysterious than the universe itself.” The…

2 weeks ago

Top 10 Largest Malls in the World: The Ultimate Shopping Experience

Shopping malls are one of the most wholesome and amazing locations, offering more than just…

2 weeks ago

Leadership in Action: ExtendMax’s Global Recognition at the 2025 Stevie Awards

Hanoi, April 8, 2025 – ExtendMax Vietnam proudly announces its remarkable achievement of winning both…

2 weeks ago