Shares rise more than 20 percent after market close after NVIDIA’s strong first-quarter financials If pre-open rallies continue, NVIDIA’s valuation will rise 181 billion to an all-time high of $936 billion. ‘s sixth most valuable company can reach the position.
With the demand for chips used in artificial intelligence applications, the company also raised its expectations for the coming periods.
NVIDIA’s data center segment reported sales of 4.28 billion, up 14 percent year-on-year, versus expectations of $3.9 billion.
According to Yatırım Finansman’s strategy report, NVIDIA’s automotive division grew 114 percent year-over-year, including the chips and software used to develop cars with autonomous driving technologies. NVIDIA stock is up 109 so far in 2023, mostly driven by optimism driven by the company’s leading position in the artificial intelligence chips market.
Thus, Nvidia came very close to entering the trillion dollar club in terms of market value.
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