Record gains! The market value of this giant soared by nearly two trillion yuan in one day!

Mondo Finance Updated on 2024-02-24

On Thursday, local time, the stock price of American chip giant Nvidia soared 164%, the company's market value soared by 277 billion US dollars (about 1 yuan.) in one day99 trillion yuan), with a total market value of nearly $2 trillion, setting a new record for the largest single-day increase in market value in the history of U.S. stocks.

Market participants lamented that it is rare to have double-digit growth in one day under the volume of trillions of market capitalization, which also allows investors to see a signal that the artificial intelligence market continues to strengthen.

Not only did the fourth-quarter revenue and profit exceed expectations, but Nvidia also gave optimistic guidance for future growth prospects, expecting revenue in the first quarter of fiscal 2025 to reach 240$800 million, which is 9% higher than the market expectation. CEO Jensen Huang said that conditions for continued growth in 2025 and beyond will remain very good as generative AI and the industry as a whole shift from CPUs to GPUs. Some analysts believe that the trend of generative AI may be a trend that will last for 10 years, and we are only at the beginning of this trend.

Overnight, the rally was also noteworthy for Nvidia's partner, server provider Supermicro Computer, which soared nearly 33%, and Nvidia's rival AMD**107% 。In addition, other giants in the semiconductor sector, ARM and ASML, have been boosted. From the perspective of the overall market, United Market Research believes that the global artificial intelligence chip market will reach $383.7 billion by 2032, with a compound annual growth rate of 382%。The analysis points out that the boom in generative AI will intensify the competition in the field of AI chips, and the competition between Nvidia and AMD is currently the most concerned in the industry.

In addition, it is also worth noting that NVIDIA's main buyers, Microsoft, Amazon and Alphabet, the three major data center giants, in addition to snapping up Nvidia's chips, have also invested in the road of self-developed chips.

In addition to chips, now investors are also putting forward the concept of AI ecological investment, and some analysts point out that the market can also pay attention to it, including investment in software, data centers, network security and other fields.

*: CCTV Finance & Economics.

Process edit: u060

Related Pages