Nvidia’s (NASDAQ:NVDA) market value surged by $273 billion in a single day, driven by a 16% increase in its stock price. This remarkable growth reflects the company’s strong position in the AI market, fueled by soaring demand for its semiconductors that power AI applications. Nvidia’s revenue has more than tripled in the latest quarter compared to the same period last year, underscoring its AI prominence. Here’s a breakdown of Nvidia’s impressive numbers:

$273 billion: The increase in Nvidia Corp.’s market value in just one day, setting a record. This one-day gain surpasses the total market values of companies like Bank of America and Coca-Cola. Only 26 of the S&P 500 companies have market caps exceeding $273 billion, highlighting Nvidia’s exceptional performance.

$1.915 trillion: Nvidia’s total market value at the close of trading Thursday, making it the third most valuable public company behind Microsoft and Apple. A year ago, Nvidia’s value was around $580 billion.

$60.9 billion: Nvidia’s revenue for the fiscal year ended Jan. 28, more than double its revenue for 2022 and about 6 times higher than five years ago. Analysts expect Nvidia’s revenue to exceed $100 billion in fiscal 2025.

48.8%: Nvidia’s net margin, indicating the percentage of revenue that translates into profit. This figure highlights Nvidia’s strong profitability, with almost 50 cents of every $1 in revenue contributing to its bottom line. In comparison, Apple’s net margin is 25.3% and Microsoft’s is 34.1%, though both companies have significantly higher revenue than Nvidia.

Nvidia’s exceptional growth underscores the enduring excitement surrounding AI, positioning the company as a key player in this rapidly evolving industry.

Featured Image: Megapixl

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