Nvidia's Market Value Surges By $273 Billion In A Single Day

Nvidia experienced a remarkable surge in its stock price, jumping 16% on Thursday, leading to a staggering increase of $273 billion in the company's market value in just one day, according to a report by the Associated Press (AP).

Nvidia's revenue for the fiscal year ending Jan. 28 reached $60.9 billion, more than double that of 2022 and six times higher than five years ago. I Image: NVIDIA AI Facebook

The chipmaker has been witnessing a significant rise in demand for its semiconductors, particularly in the realm of artificial intelligence (AI) applications.

Its revenue for the latest quarter more than tripled compared to the same period a year earlier, indicating the sustained enthusiasm surrounding AI technology. Positioned as one of the leading players in the AI landscape, Nvidia has been generating impressive financial figures.

As of the close of trading on Thursday, Nvidia's market value stood at $1.915 trillion, making it the third most valuable public company, surpassing both Amazon and Alphabet.

Just a year ago, the company's valuation was approximately $580 billion, underscoring its meteoric rise in the market.

Nvidia's revenue for the fiscal year ending Jan. 28 reached $60.9 billion, more than double that of 2022 and six times higher than five years ago. Analysts on Wall Street anticipate Nvidia's revenue to exceed $100 billion in fiscal 2025.

With a net margin of 48.8%, Nvidia demonstrates an exceptional ability to turn its revenue into profit, surpassing the net margins of tech giants like Apple and Microsoft.

This extraordinary growth trajectory solidifies Nvidia's position as a dominant force in the technology industry, driven by the ever-expanding applications of artificial intelligence.

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