Nvidia's stock has surged, dominating AI chip sector, with strong revenue growth
From Nasdaq: 2024-11-23 16:05:00
Nvidia’s stock has surged by 10 times since 2023, reaching a market cap of over $3.5 trillion, making it the world’s most valuable company. In the fiscal 2025 third-quarter earnings report, revenue jumped by 94% to $35.1 billion, with operating income increasing by 110% to $21.9 billion.
Despite competition, Nvidia continues to dominate the AI chip sector, with AMD and Intel struggling to catch up. Demand for Nvidia’s GPUs remains high, driving revenue growth. CEO Jensen Huang highlighted strong demand for the latest Blackwell chips, with a broad reach across applications and customers.
Nvidia’s future growth is constrained by supply, as demand for its GPUs outpaces supply. The company’s revenue growth is accelerating, with a vision for AI technology at the center of various industries. Analysts remain bullish on Nvidia’s stock, which trades at a reasonable P/E ratio relative to its growth rate.
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Read more at Nasdaq: Can Anything Stop Nvidia? | Nasdaq