The "myth" of Wall Street is playing out again! Nvidia's stock price skyrocketed in a single day, proving once again the strength of technology stocks. At the same time, U.S. stocks also hit record highs, and investors are full of anticipation for the future market prospects.
As one of the world's leading semiconductor companies, NVIDIA has made significant progress in artificial intelligence, data centers, and other fields in recent years. The sharp rise in its share price also reflects the market's optimism about its performance. In addition, Nvidia's market capitalization is also rising, becoming one of the most valuable semiconductor companies in the world.
In addition to Nvidia, other technology stocks have also performed well. With the advent of the digital age, the technology industry has become an important pillar of the global economy. Investors are confident in the future of tech companies and are pouring money into the industry. This has also boosted the growth of tech stocks, allowing investors to reap handsome returns.
At the same time, the U.S. market also hit a record high. This shows the market's confidence in the U.S. economy, as well as optimistic expectations for the future. Despite the complex and volatile global economic situation, the U.S. economy has maintained a steady growth trend. Investors are also confident in the Fed's policy, believing that the Fed will continue to take measures to maintain stable economic growth.
However, despite the strong performance of tech stocks and the U.S. market, investors also need to remain vigilant. The volatility of the market is still there, and some uncertainties may have a negative impact on the market. Therefore, investors need to make prudent decisions and choose the right investment products according to their own risk tolerance and investment goals.
In short, the "myth" of Wall Street has reappeared, Nvidia has skyrocketed in a single day, and U.S. stocks have hit new highs, which makes people full of expectations for the future market. However, investors still need to remain cautious and rationally view market volatility and risks.
In the U.S. stock trading on February 22, local time, Nvidia's stock price soared by more than 16%, and its market value increased by more than $290 billion, breaking the record of $197 billion set by Meta three weeks ago. This increase not only drove a number of chip and AI concept stocks to rise sharply, but also allowed Wall Street to once again witness the strong performance of technology stocks. According to Nvidia's CFO, demand for the company's next-generation products far outstrips supply, building and deploying AI solutions in nearly every industry, and data center infrastructure is expected to double in size within five years. This also means that the potential for future growth of Nvidia's performance is very strong. According to the financial report, Nvidia's revenue in the fourth quarter of 2024 was $22.1 billion, a year-on-year increase of 265% and a quarter-on-quarter increase of 22%. Net income attributable to ordinary shareholders was 122$8.5 billion, up 765% year-over-year and 33% sequentially. For the full year, NVIDIA's revenue in fiscal 2024 will be $60.9 billion, a year-on-year increase of 126%. Such revenue and profit growth undoubtedly gave strong support to Nvidia's astonishing stock price increase.
In the context of the weak global chip market, Nvidia has proved its strength with its performance, and once again confirmed that "technology is the best friend". Let's wait and see!