Nvidia’s revenue surpassed expectations with stocks increasing by 24% on Thursday. The exceptional performance of the company in the last 2 years have made its revenue guidance for this quarter reach $11 billion, a figure 50% more than expected.
The increase in valuations has resulted in Nvidia’s market capitalization of $975 billion, making the company join the trillion-dollar industries’ club.
Nvidia is a successful AI chip manufacturer, and its production of high-quality GPU technology has contributed to its wide-spread success. The shares of the company have already doubled this year.
Wedbush securities on the huge achievement on Thursday stated that this will face a major ripple impact in the tech world, calling it a ‘game changer’.
