New York: Nvidia Corporation breached $1 trillion in market capitalization on Tuesday, making it the first chipmaker to join trillion-dollar club,
gaming and AI Chip CompanyWhose shares rose 4.2% in early trade on Tuesday, valuing them at $1 trillion.
Taiwan Semiconductor Manufacturing Co. Ltd. The next largest chipmaker globally is worth about $535 billion.
Meta Platforms Inc, which was last valued at around $670 billion, achieved the trillion-dollar market capitalization milestone in 2021, while Apple Inc, Alphabet Inc, Microsoft Corp and Amazon.com Inc are the other US companies that are part of the club . ,
Wall Street analysts raised their price targets in a heap, calling Nvidia’s forecast “immeasurable” and “cosmic”. The highest price target valued the company at about $1.6 trillion, roughly equal to Google-parent Alphabet.
said Susannah Streeter, Head of Wealth and Markets at Hargreaves Lansdowne.
AI later took center stage NVIDIA stunned investors last week with a revenue forecast that beat analyst expectations by more than 50%.
“Right now Nvidia is the poster child for AI,” said Thomas Hayes, president of Great Hill Capital. “If this AI trend is real then the market is coming along.”
Shares of Nvidia rallied nearly 25% last week, spurring a rally in AI-related stocks and boosting other chip makers, helping the Philadelphia SE Semiconductor index close at its highest level in a year on Friday.
The rapid success of OpenAI-owned ChatGPT has inspired tech giants like Alphabet and Microsoft to make the most of generative AI, which can engage in human-like conversations and create everything from jokes to poetry. Is.
gaming and AI Chip CompanyWhose shares rose 4.2% in early trade on Tuesday, valuing them at $1 trillion.
Taiwan Semiconductor Manufacturing Co. Ltd. The next largest chipmaker globally is worth about $535 billion.
Meta Platforms Inc, which was last valued at around $670 billion, achieved the trillion-dollar market capitalization milestone in 2021, while Apple Inc, Alphabet Inc, Microsoft Corp and Amazon.com Inc are the other US companies that are part of the club . ,
Wall Street analysts raised their price targets in a heap, calling Nvidia’s forecast “immeasurable” and “cosmic”. The highest price target valued the company at about $1.6 trillion, roughly equal to Google-parent Alphabet.
said Susannah Streeter, Head of Wealth and Markets at Hargreaves Lansdowne.
AI later took center stage NVIDIA stunned investors last week with a revenue forecast that beat analyst expectations by more than 50%.
“Right now Nvidia is the poster child for AI,” said Thomas Hayes, president of Great Hill Capital. “If this AI trend is real then the market is coming along.”
Shares of Nvidia rallied nearly 25% last week, spurring a rally in AI-related stocks and boosting other chip makers, helping the Philadelphia SE Semiconductor index close at its highest level in a year on Friday.
The rapid success of OpenAI-owned ChatGPT has inspired tech giants like Alphabet and Microsoft to make the most of generative AI, which can engage in human-like conversations and create everything from jokes to poetry. Is.