NVIDIA has been making a name for itself with its investments in artificial intelligence lately. Finally, the shares of the company, which announced its partnership with Microsoft in artificial intelligence studies, rose to a record high.
Microsoft partnership hits NVIDIA shares
Shares of the giant technology company broke a record, increasing by 28 percent in a short time after the agreement with Microsoft. The market value of the company, which experienced a great rise in a short time and whose shares reached 391.50 dollars, increased by 200 billion dollars to over 950 billion dollars.
NVIDIA, which has become the world’s largest chip manufacturer with the increase in its shares, has managed to become the sixth largest company in the world. This sudden increase in NVIDIA shares made the company exceed expectations in all its financial reports.
Giant partnership for artificial intelligence technology! What awaits us next?
NVIDIA and Microsoft announced that they will work together to help organizations accelerate their AI initiatives.
Analysts estimated the company’s revenue at $7.15 billion in their second quarter reports, while on top of this spike, the company’s revenue for this quarter is expected to be around $11 billion. The giant technology company closed the last quarter with $ 7.19 billion in revenue.
With the artificial intelligence applications gaining popularity with ChatGPT, the demand for NVIDIA products is expected to increase. With the increasing prevalence of artificial intelligence applications, the company expects approximately $2 billion in revenue from chip production alone.
Top 10 most valuable companies:
| Arrangement | Company | Market value | Share price |
| one | apple | 2,710 billion dollars | $172.31 |
| 2 | Microsoft | $2.405 billion | $323.57 |
| 3 | Saudi Aramco | $2,059 billion | $8.51 |
| 4 | Alphabet (Google) | 1.571 billion dollars | $124.18 |
| 5 | Amazon | $1,180 billion | $115.02 |
| 6 | NVIDIA | $946.78 million | $382.83 |
| 7 | Berkshire Hathaway | $698.25 million | $319.13 |
| 8 | Meta (Facebook) | $646.93 million | $252.44 |
| 9 | Tesla | $583.88 million | $184.22 |
| 10 | TSMC | $521.33 million | 100.52 dollars |
NVIDIA shares are trading at $ 382.83 as of the time of the news, after the great rise it experienced. The company is valued at $946.78 million. So what do you think about NVIDIA stocks and the company’s artificial intelligence efforts? You can share your views with us in the comments section.