Reported 5 months ago
Nvidia's stock price has surged by 92% this year, increasing the company's market value by over $1 trillion, with a total market value of nearly $2.6 trillion. The chipmaker's revenue has more than tripled in the latest quarter as demand for its semiconductors used in AI applications continues to rise. Nvidia's market value saw a significant increase of $221 billion in one day following better-than-expected quarterly results. The company plans a 10-for-1 stock split to make its shares more accessible, with Wall Street expecting revenue to reach $117 billion in fiscal 2025.
Source: YAHOO