Nvidia is Wall Street's most valuable company. How it got there, by the numbers

Published On Nov 20, 2024, 6:24 PM

Nvidia has reported significantly strong quarterly results, driven by soaring demand for its semiconductors in artificial intelligence applications. The company’s revenue nearly doubled year-over-year, reaching $35.1 billion, with expectations for continued growth into the next quarter. Nvidia's market value has recently overtaken Apple to become the most valuable company in the S&P 500, with its stock price increasing by 195% this year. Investors are focusing on the anticipated success of its upcoming AI chip, Blackwell, as it looks to maintain strong growth.