Nvidia's Gains Have Made It Bigger Than Europe's Largest Stock Markets
What caused Nvidia's shares to rise on Thursday?
Nvidia's shares rose on Thursday due to better-than-expected earnings results and a forecast for a record-breaking quarter. The demand for the processors that power artificial intelligence (AI) applications drove the company's data center revenue to new heights6. This comes as Nvidia overtook Microsoft as the world's most valuable company on Tuesday2.
How much has Nvidia's market value increased since May 20?
Nvidia's market value has increased by $1 trillion since May 20, as noted by Deutsche Bank. This rapid growth has pushed Nvidia's market capitalization to over $3.4 trillion, making it larger than the stock markets of Germany, France, and the UK.
What reasons do analysts give for expected short-lived volatility in Nvidia's stock?
Analysts expect short-lived volatility in Nvidia's stock due to potential profit-taking after the rapid climb in its market value. However, they believe that the company's solid fundamentals, attractive valuation, and strong demand for its upcoming next-gen Blackwell system will support the stock long-term.