NVIDIA shares rose 3.07% over the past five trading sessions, producing a 30.42% year-to-date gain and reaching all-time highs after surpassing $4 trillion in market capitalization. Q1 revenue totaled $44.1 billion, up 12% sequentially and 69% year-over-year, with data-center revenue of $39.1 billion, up 10% sequentially and 73% year-over-year. EPS was $0.96, ahead of the $0.93 consensus. The company scheduled earnings for late August after market close. Piper Sandler raised its price target to $225 from $180 and maintained an Overweight rating, while Morgan Stanley raised its target to $200 from $170 and stayed Overweight. NVIDIA is a primary supplier of semiconductors, microchips, and GPUs that underpin AI demand, producing large multiyear stock gains.
Shares of NVIDIA Corp. (NASDAQ:NVDA) gained 3.07% over the past five trading sessions, bringing the stock's year-to-date gain to 30.42%. In July, the AI chipmaker became the first publicly traded company to hit a $4 trillion market cap in early July. That achievement came just one month after surpassing both Apple Inc. (NASDAQ:AAPL) and Microsoft Corp. (NASDAQ:MSFT) in market cap as members of the $3 trillion market cap club. The stock reached an all-time high on the news.
From a financials perspective, the company has tailwinds. When NVIDIA reported Q1 earnings earlier this year, it announced revenue of $44.1 billion up 12% from Q4 2024 and up 69% year-over-year. Revenue from its data center business segment was $39.1 billion, up 10% from Q4 2024 and up 73% year-over-year. The company also had EPS of 96 cents, beating analysts' expectations for 93 cents. The company next reports earnings on Aug. 27 after the market close.
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