Analytical Reviews

Get the latest economic news from ForexMart, including updates on the financial market, central bank policy announcements, financial indicators, and other relevant news which can impact the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

NVIDIA may surpass Apple in market value growth in a day


May, 25 2023
watermark Economic news

NVIDIA has released a report with financial results in the first quarter that exceeded analysts' expectations. 


The chip maker reported earnings per share of $1.09, earnings of $7.19B. Analysts on average assumed that earnings per share would be $0.92, and total revenue would be $6.52B. In addition, according to forecasts, the company's revenue in the second quarter, which ends in July, will be about $11 billion, which is 50% higher than analysts' forecasts.


In its report, NVIDIA also raised the demand forecast for its chips used in artificial intelligence (AI) applications, after which the company's shares jumped by 29%. Analysts note that if the indicator persists after the opening of trading, the company's market capitalization will grow by $219 billion per day and reach a historical maximum of $974 billion.


The success of NVIDIA shares even surpassed the one-day growth of Apple Inc. in November last year by $191 billion and growth of Amazon.com Inc in February 2022. However, unlike these companies, NVIDIA has not yet joined Apple and Amazon in the list of companies with a capitalization of $ 1 trillion.


In general, since the beginning of the year, the value of NVIDIA shares has risen by 108%. The current value of the company's securities is $306 per share.


コメントする

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.