Nvidia is Wall Street’s 2nd-most valuable company. How it keeps beating expectations, by the numbers

A sign for a Nvidia office building is shown in Santa Clara, Calif., Wednesday, Aug. 7, 2024. Nvidia has once again turned out quarterly results that easily exceeded Wall Street’s forecast s. The company has seen soaring demand for its semiconductors, which are used to power artificial intelligence applications.

The company’s journey to be one of the most prominent players in AI has produced some eye-popping numbers. Here’s a look.Nvidia’s total market value as of the close Wednesday. It’s ahead of Microsoft but behind Apple in the battle for most valuable company. One year ago, the company’s market was around $1.15 trillion.Gain in Nvidia’s stock price so far this year as of the close of trading Wednesday. The shares fell about 4% in after-hours trading following the release of the company’s earnings.

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Nvidia is Wall Street's 2nd-most valuable company. How it keeps beating expectations, by the numbersNvidia has once again turned out quarterly results that easily exceeded Wall Street’s forecasts.
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