The market value of NVIDIA exceeded $3.34 trillion during trading on June 18. As a result, the company became the number one in the list of companies with the highest value, surpassing Microsoft, which is now in second place ($3.31 trillion).

Analysts from Navellier & Associates expect NVIDIA's capitalization to exceed $4 trillion by 2024. According to their forecast, the company's market value will reach $5 trillion in 2025. Barron's also expects that NVIDIA will surpass the $4 trillion mark sooner than Microsoft and Apple.

NVIDIA's revenue for the first fiscal quarter of 2024 was $26.04 billion, which is a 262% increase compared to last year. Net profit for the reporting period reached $14.88 billion, increasing by 628%.

In the first quarter, the largest share of NVIDIA's revenue came from data center equipment, including servers powered by artificial intelligence. Sales from this division amounted to $22.6 billion. In comparison, gaming chip revenue was $2.6 billion.

Main image; alphacoders.com

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