“Nvidia Surpasses Trillion-Dollar Valuation with Boosted Revenue Forecast and AI Demand”

Nvidia is worth over a trillion dollars. The company’s stock price surged through that milestone mark after Nvidia made a positive revenue forecast last week. Sales figures were more than fifty percent higher than expected, mainly due to the need for GPUs for AI.

Nvidia has market value on the US stock exchange of more than a trillion dollars. At the opening of the stock exchange, the price of a share was $ 419, a significant increase from the $ 320 that Nvidia had set for this year. Before the market value is finally determined, the shares must remain at $ 404 all day. Nevertheless, it is an important milestone for Nvidia, which will join the ranks of Apple, Alphabet, Microsoft and Amazon with the course.

The valuation comes a week after Nvidia issued a much better than expected profit forecast. Company predicted an increase in sales which was more than fifty percent higher than analysts previously thought. This concerns the turnover for the second quarter of 2023.

Analysts expect Nvidia’s growth to continue. This is mainly due to the GPUs needed to train large language and other models for artificial intelligence. In the future, Nvidia wants to focus not only on supplying the GPUs, but also on the entire design of data centers for training and running AI models. Tweakers wrote a background article about the company’s steps, which it explained during the Computex fair.