Reported 11 months ago
Under the leadership of CEO Jensen Huang, NVIDIA, founded in 1993, has surpassed Microsoft and Apple to become the world's most valuable company with a market value of $3.334 trillion. In just a year, NVIDIA's market value has increased by $113 billion. With a stock price of $135.58 at closing on Tuesday, NVIDIA had recently split its stock 1:10 to make shares more affordable for retail investors. Analysts predict NVIDIA's revenue for the fiscal year ending January 2025 to reach $119.9 billion, double that of 2024 and more than four times that of 2023. NVIDIA projects a net profit margin of 53.4%, much higher than Apple's 26.3% and Microsoft's 36.4%. NVIDIA's contribution to the S&P 500 index's surge since May is 32%, highlighting the company's impressive growth.
Source: YAHOO