Nvidia's stock market value is $3 trillion. How it rose to AI prominence, in numbers

Nvidias Its share price has more than doubled this year, after tripling in 2023, and it is now the third most valuable company in the S.&P500. Nvidia shares rose again on Wednesday, reaching a market value of $3 trillion.

The company is also about to undergo a stock split, which will give each of its investors nine additional shares for every share they already own.

The chipmaker has seen rising demand for its semiconductors, which are used to power artificial intelligence applications. The companies turnover has more than tripled in the last quarter of the same period a year earlier.

Nvidia, which has positioned itself as one of the most prominent players in AI, has produced some eye-catching numbers. Here's a closer look:

Nvidia's total market value as of midday trading on Wednesday. Earlier this year, it overtook Amazon and Alphabet to become the third most valuable publicly traded company, behind Microsoft ($3.163 trillion) and Apple ($3.030 trillion). The company was valued at about $418 billion two years ago.

That's the one-day increase in Nvidia's market value as of midday trading on Wednesday.

The company's 10-for-1 stock split will become effective at the close of trading on Friday, June 7, and will be open to all shareholders of record beginning Thursday, June 6. This move gives each investor nine additional shares for every share he or she wants. already own.

Companies often conduct stock splits to make their shares more affordable to investors. Nvidia shares closed at $1,164.37 on Tuesday, and it's just one of nine companies in the S&P500 with a stock price above $1,000.

Revenue for Nvidia's most recent fiscal quarter. That's more than triple the $7.2 billion it reported in the same period a year ago. Wall Street expects Nvidia to generate $117 billion in revenue in fiscal 2025, which would be nearly double its 2024 revenue and more than four times its revenue the year before.

Nvidia's estimated net margin, or the percentage of revenue that turns into profit. Looked at another way, about 53 cents of every $1 of revenue Nvidia brought in last year went to the bottom line. By comparison, Apple's net margin was 26.3% and Microsoft's was 36.4% in the most recent quarter. However, both companies have significantly higher revenues than Nvidia.

Related Posts

  • Business
  • June 15, 2024
  • 1 views
  • 3 minutes Read
FAA is investigating suspected titanium parts used in some Boeing and Airbus jets

Federal transportation officials are investigating how titanium sold with false documentation ended up in parts used to make Boeing and Airbus planes. The Federal Aviation Administration and Spirit AeroSystems, a…

  • Business
  • June 15, 2024
  • 2 views
  • 3 minutes Read
Salesforce (CRM) Q1 2025 Earnings Report

Marc Benioff, CEO of Salesforce, will appear on a panel at the World Economic Forum in Davos, Switzerland on January 18, 2024. Stefan Wermuth | Bloomberg | Getty Images Sales…

Leave a Reply

Your email address will not be published. Required fields are marked *

You Missed

Smarter foragers don't forage smarter

  • June 15, 2024
Smarter foragers don't forage smarter

FAA is investigating suspected titanium parts used in some Boeing and Airbus jets

  • June 15, 2024
FAA is investigating suspected titanium parts used in some Boeing and Airbus jets

COVID vaccine companies told to focus on KP.2 variant for drop shots, according to FDA announcement

  • June 15, 2024
COVID vaccine companies told to focus on KP.2 variant for drop shots, according to FDA announcement

There are sharks in the Seine – mon dieu! : NPR

  • June 15, 2024
There are sharks in the Seine – mon dieu!  : NPR

South Africa's Ramaphosa is re-elected after the ANC signs a coalition agreement

  • June 15, 2024
South Africa's Ramaphosa is re-elected after the ANC signs a coalition agreement

How bad weather forecasts can drive up your grocery bill

  • June 15, 2024
How bad weather forecasts can drive up your grocery bill

Supplemental Security Income marks age 50. How benefits can change

  • June 15, 2024
Supplemental Security Income marks age 50.  How benefits can change

G7 confronts China on trade, Pope talks about AI

  • June 15, 2024
G7 confronts China on trade, Pope talks about AI

British couple who traveled to Spain were flown to Lithuania instead after being escorted to the wrong plane

  • June 15, 2024
British couple who traveled to Spain were flown to Lithuania instead after being escorted to the wrong plane

Judge halts ban on injection programs in El Dorado County

  • June 15, 2024
Judge halts ban on injection programs in El Dorado County

Intermittent fasting shows promise in improving gut health and weight management

  • June 15, 2024
Intermittent fasting shows promise in improving gut health and weight management