Nvidia has reclaimed its position as the most valuable publicly traded company, surpassing Microsoft with a market cap of $3.444 trillion. This rise follows strong Q1 revenues that exceeded Wall Street expectations, reporting $44.06 billion, a 69% year-over-year increase. Despite facing export challenges due to new chip controls, investor confidence remains high, with Nvidia's stock climbing nearly 24% recently. CEO Jensen Huang has criticized these regulations, expressing concerns over losing access to the significant Chinese AI market. The company’s growth is part of a broader positive trend in semiconductor stocks.
Nvidia's market cap of $3.444 trillion surpasses Microsoft's $3.441 trillion, as the company reclaims its position as the most valuable publicly traded company.
Despite anticipated revenue losses due to new chip export controls, Nvidia reported Q1 revenues of $44.06 billion, a 69% year-over-year increase.
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