Keep going until 2024! Nvidia is still making history: its market value has increased by over $100 billion in the past two weeks
六月清晨搅
发表于 2024-1-15 12:32:02
227
0
0
After the stock price soared nearly 240% in 2023, Nvidia, the "popular Crispy fried chicken" in the AI field, remained strong at the beginning of 2024, and even made the strongest annual start ever again - at least from the perspective of market value growth
Market data shows that in the just nine trading days since the beginning of the new year, Nvidia's stock price has risen by about 10%, and its market value has risen by about $128 billion. This is the largest increase in Nvidia's market value in the first nine days of the year in its history.
This unprecedented record is clearly a big advantage for Nvidia's bulls: it indicates that last year's popular artificial intelligence theme may still have further upward momentum this year, at least for this company, which is considered by many to be one of the biggest winners in the early stages of the AI concept.
From a horizontal comparison, Nvidia's performance in the first two weeks of this year has easily surpassed the US stock market and other stocks among the so-called Big Seven, making it increasingly a prominent highlight in the market.
In contrast to Nvidia's strength, in the past two weeks, the S&P 500 index has been stagnant near record highs amidst doubts about corporate profits and the expected time for the Federal Reserve to cut interest rates, while some of the seven giants, such as Apple and Tesla, have seen more significant declines.
Nvidia is still making history
Shana Sissel, CEO of Banrion Capital Management LLC, said, "From my perspective, Nvidia is the best target. Nvidia dominates its (GPU) market, has strong customer relationships, and is growing rapidly - it's hard to find too many loopholes in this hype theme."
Although in terms of percentage point increase, Nvidia's growth in the first nine trading days of this year was not as good as last year (about 14%), when Nvidia's record breaking rise marked the beginning of its hot performance throughout the year. But to be fair, last year's increase initially had some "moisture" - it was recorded after the stock price fell by about half in 2022. This year, Nvidia is once again seeking an upward breakthrough after reaching a historic high last year, which is obviously even more rare.
For Nvidia's stock price in the next 12 months, the average target price for industry analysts is currently close to $650- indicating that this company with a current market value of over $1.3 trillion still has about 19% room for growth. As of last Friday's close, Nvidia's stock price has recently closed at $547.10.
The International Consumer Electronics Show (CES) held last week has further consolidated the confidence of Nvidia stock supporters. During this period, the company launched three new GPU chips specifically designed for AI PC devices and stated that compared to regular PCs, RTX AI based laptops have a system performance improvement of up to 60 times.
Last week, Nvidia's CFO Colette Kress reiterated CEO Huang Renxun's statement that the company expects to continue growing until 2025, which also boosted the company's stock price.
Piper Sandler& led by Harsh V. Kumar; "Nvidia has expressed confidence in terminal demand and pointed out that supply will increase every quarter of this year. This gives us high confidence in its entire supply and order model for 2024," wrote a report by Co. analysts on January 11th
Nvidia is expected to release its fourth quarter financial report in late February. According to industry compiled analyst estimates, Nvidia's revenue is expected to further increase by approximately 230% in the fourth quarter of last year, following a growth of approximately 206% in the third quarter of last year.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- The market value evaporated over 400 billion US dollars in a week! Is Nvidia's level of turbulence twice that of Bitcoin?
- The safest garbage bin in Shanghai is still there! Overnight cleaning of fallen trees, pruning and maintenance facilities. Disney resumed operations at noon today
- Apple's market value evaporated by nearly $100 billion overnight, analysts say iPhone 16 series first sales fell short of expectations
- Intel intends to 'sell itself' and still has important 'legacy'. Industry insiders say that the actual value is much higher than the market value
- NVIDIA China's special supply chip H20 order 'suspicious cloud'
- How many times have the top 24 companies in the world by market value each doubled in the past decade?
- Huang Renxun has finally sold out! Completed Nvidia's early reduction of holdings to cash out over 4.9 billion yuan
- Price increases are inevitable! RTX 5090, 5080 specifications fully exposed: Nvidia forcefully widens the gap
- Kakao, a South Korean Internet giant, will announce the establishment of AI partnership with Nvidia next month
- The global gold market value has exceeded 20 trillion! Practitioners exclaim, 'We witness history every day.'
-
蔚来汽车发布《蔚来能源9月加电报告》,截至9月30日,蔚来在全国建设换电站2556座。其中高速公路换电站859座,累计为用户提供换电服务超5410万次,提供电池灵活升级服务295366次。截至9月30日,蔚来布局充电站40 ...
- 1234ljx
- 前天 19:01
- 支持
- 反对
- 回复
- 收藏
-
上周国际市场风云变幻,中东局势升级推高油价,美国非农报告表现强劲。 市场方面,美股周线四连阳,道指周涨0.09%,纳指周涨0.10%,标普500指数周涨0.22%。欧洲三大股指表现不佳,英国富时100指数周跌0.48% ...
- wycctqxl
- 7 小时前
- 支持
- 反对
- 回复
- 收藏
-
北京商报讯(记者刘晓梦)10月5日,蔚来宣布已与CYVN签署战略合作协议,将在阿联酋阿布扎比建立技术研发中心。此外,蔚来与CYVN还将联合研发一款针对当地市场的全新车型。 同时,蔚来还宣布,将正式在中东 ...
- 禹阳之子
- 前天 16:11
- 支持
- 反对
- 回复
- 收藏
-
9月26日,特斯拉CEO马斯克发布消息称,特斯拉Robotaxi无人驾驶出租车将于加州时间10月10日(北京时间10月11日)发布。“这将载入史册(This will be one for the history books)”。马斯克在社交媒体上表示。 ...
- 无语乜无言无h
- 前天 12:26
- 支持
- 反对
- 回复
- 收藏