American Financial Live
  • Investing
  • Stock
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Stock
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
American Financial Live
No Result
View All Result
Home Economy

Nvidia hit a $4 trillion market valuation

by
November 20, 2024
in Economy
0
Nvidia hit a $4 trillion market valuation

Nvidia as poised to become the first $4 trillion company, driven by its AI dominance. As the AI chipmaker prepares to report fiscal Q3 earnings, expectations are high for another standout performance. Analysts anticipate a $2 billion revenue beat and robust forward guidance, which could further solidify investor confidence.

Wedbush highlights Nvidia’s leadership in AI capital expenditures, forecasting over $1 trillion in spending tied to its GPUs, which they describe as “the new oil and gold.” The company’s Blackwell chips are expected to play a pivotal role, with demand and production momentum signaling strong growth potential. CEO Jensen Huang’s commentary during the earnings call is likely to underscore this bullish outlook.

The broader market context also supports Nvidia’s trajectory. Recent AI-related results from Microsoft, Amazon, and Google demonstrate robust cloud demand, reinforcing the case for sustained AI investment. Analysts point to a favorable macroeconomic backdrop, including a potential Federal Reserve rate-cutting cycle and easing regulatory pressures, as factors that could further boost tech stocks.

Wedbush’s projection extends into 2025, with Nvidia positioned at the forefront of the AI revolution. They believe the market continues to underestimate the demand curve for AI-driven technologies, underscoring Nvidia’s path toward its unprecedented valuation goal.

Nvidia Stock Chart Analysis

Chip stocks are down 3% since the election. Meanwhile, the S&P 500 is up by about the same measure.

Nvidia has roared back strong since its July slump, rising 45% from the major August low. The chip stock — up nearly 200% this year and up over 1100% in the last two years — hit record highs following the election.

But many of Nvidia’s peers, especially smaller ones, have become a net drag on the industry and US stocks writ large since the start of the second half of the year.

Shares in chipmaker Nvidia were flat in pre-market trading ahead of the release of its highly anticipated third-quarter earnings after the bell on Wednesday.

Nvidia has become a bellwether for gauging the strength of the global push in AI, with demand for its chips as an enabler of this trend continuing to drive the company’s shares higher. The stock is up 197% year-to-date, with Nvidia recently overtaking Apple to become the world’s most valuable company, at a market capitalisation of $3.6tn (£2.8tn).

The post Nvidia hit a $4 trillion market valuation appeared first on FinanceBrokerage.

Previous Post

Apple Shares: $100M Investment Proposal

Next Post

Comcast announces plan to spin off cable channels, including MSNBC, CNBC and USA

Next Post
Comcast announces plan to spin off cable channels, including MSNBC, CNBC and USA

Comcast announces plan to spin off cable channels, including MSNBC, CNBC and USA

Enter Your Information Below To Receive Trading Ideas and Latest News

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Popular News

    DOJ releases former Special Counsel Jack Smith’s report on investigation into Trump election interference case

    DOJ releases former Special Counsel Jack Smith’s report on investigation into Trump election interference case

    January 14, 2025
    ‘Waste less, save more’: DOGE caucus member rolls out expansive bill package ahead of Trump inauguration

    ‘Waste less, save more’: DOGE caucus member rolls out expansive bill package ahead of Trump inauguration

    January 14, 2025
    Most Americans rate Biden as ‘failed’ or ‘fair’ president: new poll

    Most Americans rate Biden as ‘failed’ or ‘fair’ president: new poll

    January 14, 2025

    About American Financial Live

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Main Categories

    • Investing
    • Stock
    • Latest News
    • Editor’s Pick
    • Economy

    Latest News

    • DOJ releases former Special Counsel Jack Smith’s report on investigation into Trump election interference case
    • ‘Waste less, save more’: DOGE caucus member rolls out expansive bill package ahead of Trump inauguration
    • #29193 (no title)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • Thank you

    Copyright © 2025 americanfinanciallive.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Stock
    • Latest News
    • Editor’s Pick
    • Economy

    Copyright © 2025 americanfinanciallive.com | All Rights Reserved