The buzz in the financial markets currently revolves around the graphics processing unit maker,
Nvidia Corp. The company's 10-for-1 stock split, which officially took place, has caused an upward trend in the firm’s market cap, with it surpassing Apple to become the second most valuable US company. As a result, the company's CEO,
Jensen Huang, saw his wealth to overtaken Michael Dell's (DELL). Predictions are made about the company reaching a $10 trillion market cap by 2030. Despite these monumental achievements, some critics label Nvidia as an overvalued AI stock.
Decoding Nvidia’s development, their H100 Chip is considered a major contributor to the AI boom. Another spotlight of the discussion is the firm's Q1 2025 earnings. Various investors and funds remain bullish on Nvidia's prospects, despite adjustments seen in its stocks and the upcoming probes over AI moves. It's also notable to mention that the stock split has led to some billionaires offloading Nvidia's stock in favor of others. Finally, there is an anticipation for further rise in Nvidia's stocks amidst incoming dividends, strategic partnerships, and the development of new AI platforms.
Nvidia Corp NVDA News Analytics from Wed, 21 Feb 2024 08:00:00 GMT to Sun, 09 Jun 2024 17:37:00 GMT -
Rating 8
- Innovation 7
- Information 7
- Rumor 1
