The day before, Nvidia announced that its first quarter revenue of this year was $7.19 billion. It far exceeded the Wall Street forecast ($6.52 billion). furthermore Second-quarter revenue expected to reach $11 billion, Nvidia’s all-time highI put out Analysts had previously forecast $7.2 billion. It really can’t be a ‘surprise’.
Wall Street cheered Nvidia’s predictions. On this day, Nvidia stock soared 24.37%. With market cap jumping to $944 billion Entering the ‘Trillion Dollar Club’ approached. For reference, the places that have exceeded $ 1 trillion in market cap are Apple, Microsoft, Google, and Amazon.American investment firm Susquehana said in an investment memo on the day. “It seems like a new gold rush is coming. And Nvidia is selling all pickaxes and shovels”, he evaluated. Stiefel also analyzed that “Nvidia is in the best position in terms of AI infrastructure wallet share (the share of a specific brand in total spending)” and that it is the company that will benefit the most from the rise of AI. Nvidia’s optimistic outlook pushed up the stock prices of other AI-related companies on this day. Shares of competitor AMD soared 11.16%, while Microsoft (3.85%) and Alphabet (2.13%) also jumped. US semiconductor maker Micron shares also surged 4.63% in the face of China’s export sanctions. In comparison, Intel, which is evaluated as lagging behind in the transition to AI, has lost 5.52% of its stock price. By. Deep Dive
*This article is an online version of the Deep Dive Newsletter published on the 26th. Subscribe to the Deep Dive newsletter, ‘economic news that you fall in love with while reading’.
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