Here’s Why Nvidia Just Broke Another Record and Could Take Apple’s Crown as the Most Valuable Company in the World
Nvidia’s biggest clients are Amazon, Meta, Microsoft, and Google.
Key Takeaways
- Nvidia shares hit a record-high $138.07 on Monday.
- The AI chipmaker’s performance is tied to strong demand.
- Nvidia CEO Jensen Huang said last month that the “insane” demand was his biggest worry.
Nvidia is the second most valuable company in the world, with a market cap of over $3 trillion. At market close on Monday, shares of the AI chipmaker hit an unprecedented high before falling to $131.32 at the time of writing.
Nvidia’s performance is tied to for its AI chips. Nvidia CEO Jensen Huang stated recently that demand for Nvidia’s Blackwell AI chip is “insane” and “everybody wants to have the most.” Nvidia expects to ship enough of the new chip to make .
Nvidia was briefly on the edge of as the most valuable company in the world on Monday. Last week, Nvidia shares grew by , more than the entire market cap of Costco.
Huang also said last month that demand was his biggest worry, or what kept him up at night.
“We have a lot of people on our shoulders, and everybody is counting on us,” he said, adding that having access to Nvidia’s technology was a “really emotional” point for the company’s clients.
Nvidia counts the biggest tech players among its clients: Amazon, Meta, Microsoft, and Google contribute to of its revenue. Nvidia’s earnings beat analyst expectations last quarter, with revenue growing 122% year-over-year, the fourth quarter in a row of growth over 100%.
Key Takeaways
- Nvidia shares hit a record-high $138.07 on Monday.
- The AI chipmaker’s performance is tied to strong demand.
- Nvidia CEO Jensen Huang said last month that the “insane” demand was his biggest worry.
Nvidia is the second most valuable company in the world, with a market cap of over $3 trillion. At market close on Monday, shares of the AI chipmaker hit an unprecedented high before falling to $131.32 at the time of writing.
Nvidia’s performance is tied to for its AI chips. Nvidia CEO Jensen Huang stated recently that demand for Nvidia’s Blackwell AI chip is “insane” and “everybody wants to have the most.” Nvidia expects to ship enough of the new chip to make .
Nvidia was briefly on the edge of as the most valuable company in the world on Monday. Last week, Nvidia shares grew by , more than the entire market cap of Costco.
