Per Reuters
NVIDIA becomes first chipmaker to hit a market value of over $1 trillion
5/30/2023
NVIDIA is one of the companies greatly benefiting from the surge in AI. The company has become the first chipmaker ever to hit a $1 trillion market value.
This comes as the company experienced an increased demand for AI chips as industries are trying to invest heavily in AI and other related services. To place this into perspective, the second largest chipmaker had a market value of just around half of NVIDIA's.
Taiwan Semiconductor Manufacturing Co Ltd., the chipmaker with the second-largest market value, sat at just $535 billion. The new market value of NVIDIA also gets it closer to Google-parent Alphabet, currently sitting at $1.6 trillion
Summit Insights Group's senior research analyst Kinngai Chan, gave a statement regarding the company's valuation. Per the analyst, they thought that the company had "earnings firepower" with its involvement in AI.
Chan: "While the company's valuation looks lofty at the moment, we think Nvidia has the earnings firepower as the adoption of its AI GPU remains in the very early innings,"
Other analysts like Jim Kelleher of Argus Research have also shared their thoughts on NVIDIA reaching new heights amid the boom of AI.
Kelleher: "Technical traders and AI mania have pushed Nvidia toward the $1 trillion cap and it is not inexpensive,"
Recently, the CEO of NVIDIA shared how he believes that AI means that everyone that wants to become a computer programmer can become one. The CEO, Jensen Huang, said all that needed to be done was for people to speak to a computer to get codes.
This comes as ChatGPT allows users to ask for codes that they can simply copy and paste instead of having to write from scratch. Despite this, Goldman Sachs still says to be cautious about AI investments, saying that the stocks that were most likely to benefit were Meta, Alphabet, Google, Microsoft, and Amazon.
See flow at unusualwhales.com/flow.
Other News:
- NVIDIA CEO Believes AI means all you need to do is speak to a computer to become a computer programmer
- Goldman Sachs cautions around AI investments, saying stocks to most likely benefit are Meta, Alphabet, Google, Microsoft, Amazon
Resources:
Moody’s downgrades US credit rating to Aa1 from Aaa
5/17/2025 4:55 AMYouTube, GOOGL, viewers will start seeing ads after ‘peak’ moments in videos
5/16/2025 7:55 PMCEOs say that just a fraction of AI initiatives are actually delivering the return on investment they expected
5/16/2025 7:51 PMOnly 9% of Americans have 10 times their annual income saved for retirement
5/16/2025 7:47 PM
Stay Updated
Subscribe to our newsletter for the latest financial insights and news.
+With Unusual Whales
Get the best broker for options trading and earn Unusual Whales discounted! in cash with an eligible account deposit at tastytrade. Get an Unusual Whales bonus when you deposit $2000. Offer expires 3/31/25. Certain restrictions, terms and conditions apply.
Unusual Whales does not confirm the information's truthfulness or accuracy of the associated references, data, and cannot verify any of the information. Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Options, investing, trading is risky, and losses are more expected than profits. Please do own research before investing. Please only subscribe after reading our full terms and understanding options and the market, and the inherent risks of trading. It is highly recommended not to trade on this, or any, information from Unusual Whales. Markets are risky, and you will likely lose some or all of your capital. Please check our terms for full details.
Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Certain investment planning tools available on Unusual Whales may provide general investment education based on your input. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your legal or tax professional regarding your specific situation. See terms for more information.