Nvidia has become the world’s third most valuable public company, surpassing Google’s parent company, Alphabet. The video processor maker’s market capitalization has risen to $1.83 trillion, and the company’s shares are up 231% over the past year.
The market capitalization of the world’s leading video processor manufacturer, Nvidia, has increased to $1.83 trillion. The company now ranks third on the list of the world’s most valuable public companies, Reuters noted.
Over the past year, Nvidia stock is up 231%. The interest in the company’s securities is due to the increased demand for chips due to the development of artificial intelligence technologies.
Analysts expect Nvidia’s fourth-quarter 2023 earnings to be $11.38 billion, four times what it was in the fourth quarter of 2022. Nvidia’s revenue is projected at $20.37 billion, three times what it was last year. former.
Author:
Kirill Bilyk
Source: RB
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