NVIDIA Corp. has become the first publicly traded company to hit a $4 trillion market cap. The company's stock has gained over 31.60% year-to-date, supported by impressive Q1 earnings of $44.1 billion, reflecting a 69% year-over-year increase. Their data center revenue surged to $39.1 billion. Analysts are optimistic, with Piper Sandler raising its price target to $225 and Morgan Stanley adjusting theirs to $200, due to a favorable outlook for AI semiconductors. NVIDIA's long-term growth potential remains strong, with share prices rising significantly overall.
NVIDIA has enjoyed momentum after becoming the first publicly traded company to hit a $4 trillion market cap in early July. This achievement came just one month after surpassing both Apple and Microsoft in market cap.
NVIDIA reported Q1 earnings with revenue of $44.1 billion, up 12% from Q4 2024 and up 69% year-over-year. Revenue from the data center business segment was $39.1 billion, showing similar gains.
Piper Sandler raised its price target on NVIDIA to $225 from $180 while keeping an 'Overweight' rating. Morgan Stanley also raised its target to $200, citing enthusiasm for AI semiconductors.
NVIDIA has gained 1,468.25% over the past five years and its stock is up 453,125% since going public. Analysts expect significant medium and long-term upside potential.
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