NVIDIA Corp. shares increased 6.07% recently, marking a historic $4 trillion market cap milestone as the first publicly traded company to achieve this feat. The company's Q1 earnings showed revenues of $44.1 billion, reflecting a 12% increase from Q4 2024 and a 69% year-over-year rise. Its data center revenue reached $39.1 billion, driven by strong demand for semiconductors and microchips pivotal to AI technology. Analysts project continued growth for NVIDIA as it maintains a premier position in the market, evident from its long-term stock performance and strong client base.
Shares of NVIDIA Corp. gained 6.07% over the past five trading sessions, hitting a $4 trillion market cap, becoming the first publicly traded company to do so.
The company reported Q1 earnings with revenue of $44.1 billion, up 12% from Q4 2024 and up 69% year-over-year, and EPS of 96 cents.
NVIDIA, being the premier manufacturer of semiconductors, microchips, and GPUs, has witnessed a stock surge, gaining over 1,409% in the past five years.
Analysts expect significant upside potential for NVIDIA's stock in the medium and long term, supported by its strong earnings and client list of Magnificent Seven companies.
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