Nvidia Surpasses Saudi Aramco, Hits $2 Trillion Market Cap with Surging AI Revenue and Dell's Earnings Beat
Nvidia's market cap has surged above $2 trillion, surpassing Saudi Aramco to become the world's third-largest company. The chipmaker's revenue from AI and networking has skyrocketed by 1,345% over four years to over $47 billion. Dell's AI-fueled earnings beat propelled its stock to a new record high, contributing to Nvidia's rise in market cap.
Sources
The Kobeissi Letter
BREAKING: Nvidia, $NVDA, has hit a record $2.2 TRILLION in market cap and is now up 83% in 2024. Since the October 2023 low, Nvidia has risen 125% and added $1.3 TRILLION in market cap. Nvidia is also now just 18% away from passing Apple, $AAPL, as the 2nd most valuable company… https://t.co/ouiN3HHz28
investorAi$NVDA up over another 2% today ... closing in on $900 ... the chart looks almost vertical. Someone may get burned ... ? 🧐
Evan Nvidia $NVDA is trading at new ALL TIME HIGHS again today https://t.co/LUY1ycjAEO
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