“Nvidia nears elite trillion-dollar market cap club of Apple, Microsoft, Alphabet and Amazon”
May 25, 2023
“…The chipmaker saw its shares surge 25% on Thursday, bringing its market value to just under the $1 trillion mark at around $951 billion per FactSet. It was $755 billion at Wednesday’s close.
Nvidia would become the fifth publicly traded U.S. company to be currently worth $1 trillion. Apple created the club in 2018. Microsoft, Alphabet and Amazon also now hold the distinction…
All eyes on are on Nvidia after it forecast $11 billion in sales for the second quarter of its fiscal 2024 late Wednesday, citing demand for its graphics processors that power artificial intelligence applications like the ones at Google, Microsoft and ChatGPT maker OpenAI. That forecast blew away Wall Street and turned the AI hype driving the stock into real results…”