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Nvidia is the most expensive semi-conductor stock in the US
Source: Bloomberg News, https://www.bloomberg.com/news/articles/2023-05-26/nvidia-nvda-share-price-jump-in-five-charts
The world's most valuable chipmaker reported a substantial increase in revenue for the three months ending in June, reaching approximately $11 billion.
The surge in demand for their AI-focused chips drove the revenue to exceed analysts' expectations by a significant margin of 53 percent.
Even though Nvidia, by some measures, is getting cheaper, it's still the most expensive stock in the Philadelphia Stock Exchange Semiconductor Index.
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