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AI chip giant Nvidia Market capitalization is over $3 trillion The company, currently No. 2 behind Apple, “will need to deliver extraordinary results to justify its massive $3 trillion valuation” when it reports earnings on Wednesday, said Lukman Otunuga, senior market analyst at trading brokerage firm. FXTMsaid Entrepreneur By email.
The highly anticipated earnings report will be a “pivotal” moment for the market. Nvidia’s stock price could rise or fall by 10.4% after the announcement, Otunuga said. That means Nvidia’s market capitalization could change by about $300 billion after the earnings release. SalesforceMcDonald’s, Walt Disney.
“A strong earnings report could propel the market to new highs, but any signs of weakness could trigger a big drop, and Nvidia’s results could move the market this week,” Otunuga said.
Related: Nvidia and the Magnificent Seven offer ‘enormous rewards’, but strategists say there are risks
Goldman Sachs’ trading desk said Nvidia is “the most important stock on the planet.” Once said.
NVIDIA Expected The company expects revenue to reach $28.7 billion in the second quarter of fiscal 2025, which ended July 30. That would be a 112.6% increase from last year’s $13.5 billion. Analysts also expect Nvidia to earn $0.65 per share, compared with $0.27 last year.
NVIDIA CEO Jensen Huang during the keynote in March 2024. Photo by Justin Sullivan/Getty Images
Otunuga said NVIDIA faces challenges such as competition from AMD and Intel. Recent shipping delays One of the new AI chips.
Nvidia is Over 1,000% growth Since October 2022, growth has not been linear. Reaching the top of the market capitalization charts Nvidia, which became the world’s most valuable company in June, has seen its value plummet. Lost about $900 billion Market cap will increase over the next 7 weeks.
Related: According to insiders, Nvidia CEO Jensen Huang turned down a merger offer early on in the company’s history, and here’s why:
The stock price then recovered, Add hundreds of billions of dollars Market value is high, but its volatility is Remains a concern for Wall Street.
Nvidia’s major customers include other members of the “Magnificent Seven” — a group of top-performing tech companies including Meta, Amazon and Google — which rely on Nvidia for their AI chips, meaning Nvidia’s performance can influence its peers.
NVIDIA Report Revenue On After market closes on Wednesday At 2 p.m. Pacific time, the company’s stock price was Over 165% increase Year to date as of the time of writing.
Related: If you invested $10,000 in NVIDIA when it went public, how much would you have now?
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