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. Revenue more than doubled in the latest quarter from the same period a year earlier, Nvidia said Wednesday. The company expects further revenue growth in the current quarter that ends in October. Investors will be watching to see if demand for the company’s products can maintain its red-hot pace.

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.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

S&P 500 futures rise marginally as Wall Street looks toward Nvidia earnings: Live updatesStocks rose modestly on Tuesday, with Nvidia giving the S&P 500 and Nasdaq Composite a boost.
Source: CNBC - 🏆 12. / 72 Read more »

Nvidia may find it hard to impress Wall Street with earnings bar raised so highInvestors have come to believe that beats and raises are part of the DNA for Jensen Huang's company.
Source: CNBC - 🏆 12. / 72 Read more »

Stock futures are little changed as Wall Street looks toward Nvidia earnings: Live updatesStocks rose modestly on Tuesday, with Nvidia giving the S&P 500 and Nasdaq Composite a boost.
Source: nbcchicago - 🏆 545. / 51 Read more »