Chipmaker Nvidia became the first public company for $ 4 trillion on Wednesday after a two -year investor frenzy.
Nvidia shares rose 2.5%in early trade on Wednesday to top $ 3.97 to $ 164 to top each. In early 2023, NVIDIA shares were approximately $ 14 each.
poster child Among the AI ​​boom, Nvidia has developed in the world’s most valuable company, which crosses Microsoft, Apple, Amazon and Google Parent Alphabet. The movement of stock causes more weight on S&P 500 and other index than every company except Apple. Two years ago, Nvidia’s market price was below $ 600 billion.
In its The most recent quarterNvidia overcam Tariffs To give another quarter of a strong growth between demand for fever for its high-driven AI chips.
NVIDIA earned $ 18.8 billion or 76 cents per share, in this period, 26% increased from the same time of last year. The revenue rose 69% to $ 44.1 billion a year ago. If not for a fee of $ 4.5 billion, which NVIDIA has absorbed in the account for the US government sanctions on the sale of its chip to China, NVIDIA would have shared 96 cents per share per share, above the 73 cents per share or the circumambulated by analysts.
NVIDIA reports the results of its second quarter next month. Wall Street Santa Clara, California, is expecting another quarter of record sales and profit for the company.
Other companies benefiting from Nvidia and AI Boom have been climbed to record S&P 500 after a recent record. His explosion of profits has helped to pursue the market despite President Donald Trump’s tariffs and other policies persistence to the US economy persistence despite concerns about high inflation and potential pain.
