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Nvidia’s Market Cap Exceeds $2.5 Trillion as Semiconductor Index Rises

Supply time2024-05-24 01:12

Market capitalization exceeds $2.5 trillion… Philadelphia semiconductor index rises 1.5%

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[샌프란시스코 AP=연합뉴스]

(San Francisco = Yonhap Information) Reporter Taejong Kim = The inventory worth of Nvidia, the chief in synthetic intelligence (AI) chips, exceeded $1,000 for the primary time in the course of the day.

In response to the New York Inventory Change on the twenty third (native time), as of 11:40 am Jap time (8:30 am Western), Nvidia’s inventory worth elevated 10.42% from yesterday to $1,048.44 (about 1,433,000 win). commerce it.

The inventory worth, which ended buying and selling at $949.50 yesterday, began buying and selling at $1,020 on at the present time and is increasing its upward pattern.

Nvidia’s inventory worth exceeded $1,000 in after-hours buying and selling yesterday, however this was the primary time it had surpassed $1,000 throughout common buying and selling.

NVIDIA’s inventory worth, which was $495.20 on the finish of final yr, has continued to rise this yr and has to date exceeded 100%. Market capitalization additionally elevated quickly to $2.566 trillion, taking one step nearer to $3 trillion.

The sharp rise in Nvidia inventory worth in the present day was because of the earlier day’s earnings announcement.

Nvidia’s gross sales and earnings per share for the primary quarter of its fiscal yr (February to April) far exceeded market expectations. Gross sales within the second quarter (Might to July) have been additionally anticipated to exceed Wall Avenue expectations.

As well as, it was introduced that the inventory could be cut up into 10 from the tenth of subsequent month. This inventory cut up is probably the most vital in three years since July 2021. The quarterly dividend was additionally elevated by 150% to $0.10 from $0.04.

As Nvidia’s inventory worth rises, the Philadelphia Semiconductor Index within the US additionally rises.

On the identical time, the Philadelphia Semiconductor Index rose 1.38%. The inventory worth of Taiwanese semiconductor firm TSMC rose 1.65%, whereas Broadcom and Qualcomm additionally rose 0.99% and 0.85%, respectively. The inventory worth of AMD, which is taken into account a rival to Nvidia, fell by 1.18%.

taejong75@yna.co.kr

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2024/05/24 01:12 Despatched

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