Nvidia's Jensen Huang has zoomed up Bloomberg's rich list to rank 13th with a $107 billion fortune. Only Michael Dell, Mukesh Ambani, and Warren Buffett stand between the CEO and a spot in the top 10.
Nvidia is still growing at an ultra-fast pace. New product launches may sustain Nvidia's strong growth rates.
Nvidia (NASDAQ: NVDA ) has risen well above $1,000, although it may have taken longer than some market-watchers had expected. The Nvidia stock price has more than doubled on a year-to-date basis, increasing 132% in value.
Nvidia's revenue from the professional-visualization business was up 45% year over year last quarter. The company sees an addressable opportunity worth $300 billion in this segment.
That's Jensen Huang, founder and chief executive of Nvidia, in a recent interview on his work/life balance. He said even during movies he's watching, he's actually thinking about the business and processing very little of the entertainment.
Nvidia will complete its 10-for-1 stock split after the market closes on June 7, and shares will begin trading on a split-adjusted basis on June 10. Nvidia has completed five other stock splits since its IPO in 1999, and shares have typically declined sharply during the next year.
A rally that has propelled U.S. equities to record highs increasingly rests on red-hot chipmaker Nvidia and a handful of other giant stocks, reviving concerns that the market's performance has become tied to a cluster of companies.
Nvidia's (NVDA) market capitalization leapfrogged that of Apple (APPL) on Wednesday as the chipmaker joined the exclusive $3 trillion club. Despite the impressive milestone, several chart indicators suggest momentum may be waning for the stock.
Nvidia's market cap crossed $3 trillion on Wednesday, surpassing Apple. The company had already amassed a long history of success before the advent of generative AI.
CNBC's Jim Cramer on Wednesday told investors why Nvidia is sometimes able to boost other stocks when it soars. "Take a look at today's biggest gainers," he said.
Several developments in the field of AI fueled further gains for Nvidia. The stock topped a $3 trillion market cap for the first time.
Nvidia (NVDA) on Wednesday became only the third U.S. company to reach a market capitalization of $3 trillion, a major milestone the AI chipmaker has reached in record time.