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NVIDIA blasts through several trillion dollar barriers at record speed

NVIDIA! Oh, the memories of ripping open my PC as a teenager and shoving in that new graphics card that would let me play Quake in god-tier mode. For most of my adult life, I’ve associated the brand with gaming pleasure, not AI. But that appears to be what's driving the company’s share price now.

Back in March, NVIDIA blasted through the two trillion dollar barrier, a feat previously achieved only by Apple and Microsoft. It took 24 years for the company to reach the rarefied air of $1 trillion, and then just eight months to reach that second trillion in March. Its market cap now sits at $2.73 trillion, so we could see three trillion reached by summer.

Anyway, the company has recently released its quarterly earnings, delivering a stunning 262 per cent increase in revenue and a net income surge of over 600 per cent.

When that earnings news broke, NVIDIA shares rose another 9 per cent, propelling NVIDIA close to a $2.6 trillion market cap – an astounding $1.8 trillion increase over the past 12 months. This growth is akin to adding the value of The New York Times Company every 38 hours or a Goldman Sachs every month for a year.

Source: Chartr

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