Nvidia becomes the first chip company with a market capitalization of more than $1 trillion

Thanks to CTOnews.com netizens for the clue delivery of Langge! CTOnews.com May 30 news, last Wednesday, Nvidia released its first-quarter results, showing a quarterly net profit of $2.043 billion (CTOnews.com Note: currently about 14.464 billion yuan) far exceeding expectations, up 26% year-on-year and 44% month-on-month. In the current environment, Nvidia's shares soared 28% in after-hours trading and more than $200 billion in a single day. Equivalent to an AMD, two Intel, three Meguiar.

After the close of the last trading day, Nvidia shares rose about 2.56%, with a market capitalization of nearly $1 trillion. When US stocks opened today, Nvidia rose more than 4 per cent to $405.96, with a total market capitalization of more than $1 trillion, and became the first chip company with a market capitalization of more than $1 trillion!

It also represents Yingwei's seventh company in the United States to unlock trillion-dollar achievements in more than 20 years, after Meta, Amazon, Microsoft, Alphabet, Apple and Tesla. At present, the market capitalization of Nvidia is second only to Apple, Google parent company Alphabet, Microsoft and Amazon.

It is worth mentioning that the companies that have achieved trillions of dollars in market capitalization are all American technology giants except the oil giant Saudi Aramco.

It is worth mentioning that it is not common for Cathy Wood, founder of ARK Investment Management and "wooden Sister", to label the stock market darling of the innovative economy as "too expensive", but the sharp rise in Nvidia's share price has led to Wood's doubts. Mr Wood tweeted on Monday that the world's most valuable chipmaker was "priced ahead".

Nvidia's forward price-to-sales ratio is as high as 25 times, compared with about 6 times for companies in the Philadelphia semiconductor index and about 12 times for Microsoft, which supports OpenAI, according to the data.