Nvidia’s Strong Report Rekindles $1 Trillion Market-Cap Talk
- Earnings and outlook at chipmaker yet again beat estimates
- Analysts upbeat on Metaverse ambitions, core business growth
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Nvidia Corp. shares jumped 8.3% on Thursday after the chipmaker earned praises from analysts for delivering estimate-beating results “like clockwork.”
Needham analysts said Nvidia could become the “first trillion dollar semiconductor company.” Indeed, Thursday’s move added more than $60 billion to its market capitalization, which is near the $800 billion threshold. Since early October, Nvidia has added nearly $300 billion in market value, about the equivalent of the market cap of Walt Disney Co., Netflix Inc. or Pfizer Inc.