The AI beast! NVidia has added $219 billion in market cap overnight and is now on the path to becoming a $1 trillion company 😳. The $200B+ surge in market capitalization is one of the most significant one-day gains in market cap for any US company. So far, only Apple and Amazon have managed to get a daily increase of $190 billion. To put this into perspective, in just one day NVidia has surged more than the current valuation of Uber, PayPal, Spotify, Coinbase, and Robinhood. Combined 🤯. The semiconductor firm at the heart of the artificial intelligence revolution has recently reported earnings/revenue beats:

• NVidia grossed revenues of $7.2 billion, which was around 10% more than expected
• Year-on-Year (YoY) revenue growth was down 13% in Q1 but Q2 guidance was massively above expectations ($11 billion)
• That would be a new record high for revenue (prior record: $8.3 billion) & a 64% YoY increase.

Surging demand for the chips NVidia makes for AI applications means its revenue will continue to surge and it’s only a matter of time before it will become the first semiconductor company to hit a $1 trillion valuation.

This is the AI Effect at its finest.