On Thursday it rose, in monetary terms, by the biggest margin ever seen by any company on any market around the world, adding $277bln in value, bringing its gains for the year to date to $740bn taking its mkt capitalisation to $1.94tln. It powered stock indices on three continents hit all-time highs after a stunning beat on earnings, sales and its outlook for the current quarter.
(AI Video Summary)
NVIDIA
NVIDIA, a company that makes advanced computer chips for artificial intelligence, had an incredible day in the stock market. Their sales and profits exceeded expectations in the last quarter, and their share price skyrocketed by 251 percent last year, reaching an all-time high. Since then, it has continued to climb by another 61.29 percent. During yesterday's trading, NVIDIA's market value jumped by a whopping $277 billion, a record-breaking achievement. So far this year, their total gains have reached an impressive $740 billion, bringing their overall market capitalization close to $2 trillion.
The Dow and the S&P 500
To add to their success, NVIDIA kept rising even after regular trading hours and closed at a new record high of $798.92 on the IT platform. This outstanding performance had a positive effect on the entire stock market, improving the performance of indices like the Dow and the S&P 500. Although the NASDAQ (US tech 100) didn't hit a new all-time high, it came very close to its highest point ever. However, the S&P 500, which now includes NVIDIA as one of the "big magnificent seven," did reach an all-time high thanks to NVIDIA's rise the previous day.
Overall, NVIDIA's incredible success in the stock market has made it one of the most valuable companies in the world, with a market capitalization close to $2 trillion. Its continuous growth has also benefited the broader market, showing how strong the company is in the tech industry.
NVIDIA sales and profits
In simpler terms, NVIDIA had a super impressive day in the trading world. Their sales and profits did way better than expected, and their share price shot up really high. They gained a crazy amount of value and their total gains for the year are mind-blowing. Even after normal trading hours, their stock kept rising to a new record high. This had a positive impact on the whole stock market and made other important indices go up too. NVIDIA is now one of the most valuable companies worldwide, and their success shows how powerful they are in the tech industry.
FAQs
Nvidia has recorded the biggest daily jump in market value in the history of Wall Street. The California-based chip maker on Wednesday added $330bn to its market capitalisation – blasting past the previous record it set in February with a $277bn single-day gain.
What is the Nvidia sets record for the biggest daily gain in value in stock market history? ›
On July 31, Nvidia gained $326 billion in market value, making it the only U.S. company to post a single-day gain of more than $300 billion.
What if you invested $1,000 in Nvidia 10 years ago? ›
Nvidia stock has delivered a total return of more than 27,000% over the last decade. That means that if you invested $1,000 in the stock 10 years ago and held onto your position, your holdings would now be worth more than $271,000. NVDA Total Return Level data by YCharts.
What is the highest Nvidia stock has ever been? ›
The latest closing stock price for NVIDIA as of September 05, 2024 is 107.21. The all-time high NVIDIA stock closing price was. The NVIDIA 52-week high stock price is 140.76, which is 31.3% above the current share price.
What is the biggest gain for a stock ever? ›
During yesterday's trading, NVIDIA's market value jumped by a whopping $277 billion, a record-breaking achievement. So far this year, their total gains have reached an impressive $740 billion, bringing their overall market capitalization close to $2 trillion.
Is NVIDIA the best performing stock of all time? ›
Nvidia shares have gained 322,185% overall in the past 30 years, a 37.2% average annual return, making it the best-performing S&P 500 stock of the past three decades. AI, cloud computing, autonomous vehicles and other high-end technology trends will likely continue to drive revenue growth for Nvidia.
What is the true value of NVIDIA stock? ›
As of today (2024-09-08), NVIDIA's Intrinsic Value: Projected FCF is $9.36. The stock price of NVIDIA is $102.84.
Could investing $20,000 in Nvidia make you a millionaire? ›
A $20,000 investment made in the semiconductor giant 10 years ago would be worth more than $3.4 million today -- up by around 170 times in value. It is also worth noting that the company has taken less than a decade to turn a $20,000 investment into precisely a $1 million.
What will NVDA be worth in 5 years? ›
Consensus estimates predict Nvidia's earnings will increase at an annual rate of just over 35% for the next five years. Based on the company's fiscal 2024 earnings of $12.96 per share, its bottom line could jump to $58.11 per share after five years, assuming it does increase at the predicted rate.
What will Nvidia be worth in 2030? ›
We believe Nvidia will reach a $10 trillion market cap by 2030 or sooner through a rapid product road map, it's impenetrable moat from the CUDA software platform, and due to being an AI systems company that provides components well beyond GPUs, including networking and software platforms.
Largest shareholders include Vanguard Group Inc, BlackRock Inc., Fmr Llc, State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, VFINX - Vanguard 500 Index Fund Investor Shares, Geode Capital Management, Llc, Price T Rowe Associates Inc /md/, Jpmorgan Chase & Co, and Morgan Stanley .
How high will Nvidia go? ›
Average Price Target
Based on 43 Wall Street analysts offering 12 month price targets for Nvidia in the last 3 months. The average price target is $151.79 with a high forecast of $200.00 and a low forecast of $90.00. The average price target represents a 27.16% change from the last price of $119.37.
Why is Nvidia doing so well? ›
Nvidia's data center business is a leading driver of success and has a demand for AI infrastructure. Data center sales made up nearly 87% of Nvidia's revenue. Other Big Tech companies -- such as Google, Microsoft and Meta -- continue to invest in AI and announced increased AI spending in their earnings reports.
What stocks have the best 20 year returns? ›
The tech-heavy Nasdaq 100 Index ETF ( QQQ ) is up more than double the S&P 500 Index over the past 15 years. Of the top ten performing companies over the past 20 years, five are tech stocks, including, Nvidia ( NVDA ), Apple ( AAPL ), Netflix ( NFLX ), Booking ( BKNG ), and Amazon ( AMZN ).
What is the most profitable stock of all time? ›
At the top is Altria Group Inc. (MO), a tobacco company that, until 2003, was known as Philip Morris Companies Inc. The tobacco company has returned more than $2.6 million for every dollar invested on Dec. 31, 1925, the earliest date available in the data set Bessembinder used as the basis for his calculations.
What stock will make you rich in 10 years? ›
9 Best Growth Stocks for the Next 10 Years
| Stock | Sector | Market Capitalization |
|---|
| Nvidia Corp. (ticker: NVDA) | Technology | $2.9 trillion |
| Apple Inc. (AAPL) | Technology | $3.4 trillion |
| Palo Alto Networks Inc. (PANW) | Technology | $110 billion |
| Meta Platforms Inc. (META) | Communication services | $1.3 trillion |
5 more rowsAug 15, 2024
Historically, Nvidia's gross profit margin hovered in the high 50% to low 60% range. But thanks to this new wave in demand and the company's market position, it has spiked to around 75%.
What is NVDA earnings record? ›
NVIDIA (NASDAQ: NVDA) today reported revenue for the second quarter ended July 28, 2024, of $30.0 billion, up 15% from the previous quarter and up 122% from a year ago. For the quarter, GAAP earnings per diluted share was $0.67, up 12% from the previous quarter and up 168% from a year ago.
Where does Nvidia make most of its money? ›
Currently, Nvidia's greatest source of revenue is its Compute and Networking business segment, which includes artificial intelligence (AI). 1 The company has become a full-stack (from front-end to back-end) computing infrastructure company that is reshaping a diverse range of complex computing processes.
What is the fair value of Nvidia stock? ›
As of 2024-09-13, the Fair Value of NVIDIA Corp (NVDA) is 54.02 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 119.14 USD, the upside of NVIDIA Corp is -54.7%.
