Threads
- Nvidia has achieved a historic market value of $3.525 trillion, making it one of the most valuable companies in the tech sector.
- Analysts forecast Nvidia’s revenue to double this fiscal year and grow an additional 44% next year.
- The release of Nvidia’s Blackwell (GB200) with high demand is expected to further boost sales.
As artificial intelligence technology advances rapidly, Nvidia, a company that manufactures AI chips, has seen an increase in its market value. Nvidia’s market value has once again broken the record, rising to 3.525 trillion US dollars, marking the first time it has ever reached the 3.5 trillion US dollar mark.
Why it matters: Nvidia’s record market value shows how important AI technology is becoming. Its expected revenue growth points to great investment opportunities and a shift towards advanced products like the Blackwell chip.
With a market value of almost $3.596 trillion, Nvidia is on par with Apple, the world’s largest technology company. In the near future, Nvidia will likely overtake Apple and take the top spot among others.
The market also has high expectations for Nvidia’s future development potential as earnings season draws near. Analysts predict that Nvidia’s revenue will double this fiscal year and rise by an additional 44% the next fiscal year, demonstrating significant growth.
Bank of America and several other institutes have increased their target prices for Nvidia’s stock in response to its impressive performance. Furthermore, Nvidia’s next-generation AI GPUs are in incredibly high demand.
It is predicted to boost the company’s fourth-quarter earnings by billions of dollars and further strengthen its position as the industry leader.
Notably, the fourth quarter will see the large shipment of Nvidia’s first Blackwell chip, the GB200, introduced in March of this year. According to Nvidia CEO Huang Renxun, the market demand for Blackwell chips is so intense that it may be characterized as “crazy.”
Thank you! Please share your positive feedback. 🔋
How could we improve this post? Please Help us. 😔
[News Reporter]
Malik Usman is student of Computer Science focused on using his knowledge to produce detailed and informative articles covering the latest findings from the tech industry. His expertise allows him to cover subjects like processors, graphics cards, and more. In addition to the latest hardware, Malik can be found writing about the gaming industry from time to time. He is fond of games like God of War, and his work has been mentioned on websites like Whatculture, VG247, IGN, and Eurogamer.
Join Our Community
