Reported 2 days ago
Nvidia has seen a staggering 700% increase in stock value since the launch of ChatGPT in late 2022, far outpacing the S&P 500's 45% gain. The company has solidified its role as a leading provider of AI chips, contributing significantly to the rise of the 'Magnificent Seven' tech companies, which now hold 32% of the S&P 500 market cap. Nvidia's quarterly revenue jumped from $6.3 billion to $35.3 billion over two years, driven largely by its booming data center segment.
Source: YAHOO