NVIDIA has performed outstandingly this year, leaving other companies in the market behind. Under the leadership of Jensen Huang, it has become the most valuable publicly traded company globally.
With tech companies attempting to develop various artificial intelligence models, the prosperity of AI has driven high demand for NVIDIA’s chips. Just this year, the company’s stock price reached a historic high on Tuesday, with a surge of over 170%.
NVIDIA’s market value surpasses Microsoft, making it the largest publicly traded company with a market value of $3.33 trillion. Last week, due to strong earnings performance and a 3-for-10 stock split, the chip manufacturer’s market value surpassed that of Apple, with stock prices exceeding $1 trillion.
In the previous quarter, NVIDIA’s revenue soared due to the growth of its data center business, which accounted for 86% of its sales. The company controls nearly 80% of the data center AI chip market share.
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Microsoft’s stock forecast for the next 12 months
Analysts remain bullish on NVIDIA. Bank of America
raised Rosenblatt Securities’ target price from $125 to $155, and then to $200.
Although Microsoft and Apple have also benefited from the rise of artificial intelligence, their stock price increases cannot be compared to NVIDIA’s. Since January 19th of this year, Microsoft’s stock price has risen by approximately 11%, while Apple’s stock price has risen by about X%.
