NVIDIA Becomes the First Chipmaker to Join the Trillion-Dollar ClubKeywords:
Nvidia Corp’s market value has surpassed US$1 trillion, making it the first chipmaker to do so.
The gaming and AI chip business was valued at US$1 trillion, with shares rising 4.2% in early trade on Tuesday. Taiwan Semiconductor Manufacturing Co Ltd is the world’s second-largest chipmaker, with a market capitalization of roughly US$535 billion. Meta Platforms Inc, which was valued at more than US$670 billion at the point of the most recent closing, will surpass the trillion-dollar capitalization of the market threshold in 2021, joining Apple. Inc, Alphabet Inc, Microsoft Corp, and others. and Amazon.com Inc is one of the club’s members.
Wall Street analysts lauded Nvidia’s prognosis as incomprehensible and cosmological, upping their price targets substantially. The highest price tag placed the corporation at almost US$1.6 trillion, in line with Alphabet, Google’s parent company. Because the valuation is significantly higher than the average over the past decade, there will be considerable pressure to deliver high growth on an ongoing basis. there may be volatility in its share price in the future.
Nvidia startled investors last week with a sales projection that exceeded experts’ expectations by more than 50%. Nvidia is the poster child for artificial intelligence at the moment, said Thomas Hayes, head of Great Hill Capital. The market is determining whether or not the AI trend is real. Nvidia’s stock soared over 25% last week, triggering a rally in AI-related stocks and boosting other chipmakers, causing the Philadelphia SE Semiconductor index to close at its highest level in over a year on Friday. The fast success of OpenAI-owned ChatGPT has inspired tech titans such as Alphabet and Microsoft to capitalize on generative AI, which can participate in human-like conversation and create everything from jokes to poetry.
Nvidia Corp’s market value has surpassed US$1 trillion, making it the first chipmaker to do so.
The gaming and AI chip business was valued at US$1 trillion, with shares rising 4.2% in early trade on Tuesday. Taiwan Semiconductor Manufacturing Co Ltd is the world’s second-largest chipmaker, with a market capitalization of roughly US$535 billion. Meta Platforms Inc, which was valued at more than US$670 billion at the point of the most recent closing, will surpass the trillion-dollar capitalization of the market threshold in 2021, joining Apple. Inc, Alphabet Inc, Microsoft Corp, and others. and Amazon.com Inc is one of the club’s members.
Wall Street analysts lauded Nvidia’s prognosis as incomprehensible and cosmological, upping their price targets substantially. The highest price tag placed the corporation at almost US$1.6 trillion, in line with Alphabet, Google’s parent company. Because the valuation is significantly higher than the average over the past decade, there will be considerable pressure to deliver high growth on an ongoing basis. there may be volatility in its share price in the future.
Nvidia startled investors last week with a sales projection that exceeded experts’ expectations by more than 50%. Nvidia is the poster child for artificial intelligence at the moment, said Thomas Hayes, head of Great Hill Capital. The market is determining whether or not the AI trend is real. Nvidia’s stock soared over 25% last week, triggering a rally in AI-related stocks and boosting other chipmakers, causing the Philadelphia SE Semiconductor index to close at its highest level in over a year on Friday. The fast success of OpenAI-owned ChatGPT has inspired tech titans such as Alphabet and Microsoft to capitalize on generative AI, which can participate in human-like conversation and create everything from jokes to poetry.
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