Commissar SFLUFAN Posted May 30, 2023 Share Posted May 30, 2023 Nvidia hits $1 trillion market cap WWW.CNBC.COM Nvidia hit a $1 trillion market cap at the market open Tuesday, buoyed by an AI frenzy and a massive earnings beat. Quote Nvidia hit a $1 trillion market cap at the open Tuesday, joining a small club of mostly technology companies. Nvidia’s shares have to hold above $404.86 to maintain that distinction throughout the day. The stock rose nearly 6% in late morning trading, hitting a fresh 52-week high. The chipmaker’s shares rocketed last week after it posted quarterly earnings with top- and bottom-line numbers that significantly beat consensus estimates. Nvidia’s gain buoyed other chipmakers, with the notable exception of Intel, and was also fueled in part by estimates that were more optimistic than expected. Significantly, Nvidia forecast $11 billion in sales for the second quarter of fiscal 2024 alone. The expected sales were 50% higher than consensus estimates of $7.15 billion. Quote Link to comment Share on other sites More sharing options...
Reputator Posted May 30, 2023 Share Posted May 30, 2023 And after all that blustering about graphics card sales being down. Oh and after a hilariously cringy datacenter presentation. 1 1 Quote Link to comment Share on other sites More sharing options...
PaladinSolo Posted May 31, 2023 Share Posted May 31, 2023 19 hours ago, Reputator said: And after all that blustering about graphics card sales being down. Oh and after a hilariously cringy datacenter presentation. GPU sales are bad right now at least on the gaming side of things, markets are betting on AI making these companies literal tons of cash. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted June 1, 2023 Author Share Posted June 1, 2023 On 5/30/2023 at 4:15 PM, Reputator said: And after all that blustering about graphics card sales being down. Oh and after a hilariously cringy datacenter presentation. I just watched this! OLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLO Quote Link to comment Share on other sites More sharing options...
Dre801 Posted June 3, 2023 Share Posted June 3, 2023 Great hardware. Dick of a company. Quote Link to comment Share on other sites More sharing options...
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