It cannot be denied that thanks to the development of the so-called Thanks to artificial intelligence, many large companies can now boast of increased revenues. The company that has achieved the greatest success thanks to this is, of course, NVIDIA. It is mainly responsible for providing graphics chips to other companies that use them to “power” their AI-related services. This development of events allowed NVIDIA to achieve a market capitalization almost at the level of Amazon.
NVIDIA is rapidly increasing the value of its shares on the stock exchange. Its market capitalization is already close to that of companies such as Amazon or Google. Currently, this value is almost $1.77 trillion.
Intel was the industry’s largest chip seller in 2023. NVIDIA, on the other hand, dominates in a slightly different category
It is worth mentioning that the stock market valuation of NVIDIA exceeded one trillion at the end of May 2023. Thus, the company joined the group of nine historical companies that managed to achieve this. Less than a year later, NVIDIA’s market capitalization is already $1.767 trillion. For comparison, Amazon boasts a result of 1.807 trillion and Google 1.860 trillion dollars. These are truly impressive values, but in the case of the company discussed today, the growth on the stock exchange is very dynamic. Of course, the main reason is to sell the mentioned graphics chips for AI applications, which are now in huge demand.
The year 2023 can certainly be considered a key year for NVIDIA, after all, it was then that the company’s shares more than tripled. In turn, when we take into account the current year 2024, we can talk about an increase of over 40%. Due to the above-mentioned demand, the company’s revenues are expected to increase by 120% in fiscal year 2024, with an increase of another 60% in the next period. Everything indicates that such a scenario has a good chance of coming true. “Artificial intelligence” is the main topic in the world today for many companies, so the coming years will be closely related to this segment. It must be admitted, however, that no other company can boast of such AI-related profits as NVIDIA.
Source: Bloomberg, Companies Market Cap