Jensen Huang, Co-Founder and Chief Executive Officer of Nvidia corp., during the opening ceremony of the siliconware precision industries co. (Spil) tan ke plant in taichung, taiwan, on thursday, jan. 16, 2025.
An Rong Xu | Bloomberg | Getty Images
Nvidia is out, leaving apple as the sole member of the $ 3 trillion club.
The Chipmaker’s Shares Slumped more than 8% on Thursday Following Quarterly Earnings, Wiping out about $ 273 billion in value and giving the company a market cap of $ 2.94 billion. The S&P 500 Index Fell 1.6% and the Nasdaq Dropped 2.8%.
Nvidia is still the second most valuable us tech company, behind AppleAnd ahead of MicrosoftOne of its biggest customers.
So far in 2025, nvidia shares have lost 10% of their value, as the company faces investor concerns about export controls, tarifs, more efficient Artificial Intelligence, and An Overall Slowing Pace of growth.
Even after the latest slide, nvidia is still win five times more than it was two years ago, at the start of the generative ai boom. It first hit a $ 3 trillion market cap in June 2024,
Nvidia reported results on wedding that topped analysts’ Estimates Across the Board, With Revenue Jumping 78% from a year earlier to $ 39.33 billion. The company’s data center revionue, which incluses its market-Leading Graphics Processes for Ai Workloads, Soared 93% on Annual Basis to Nearly $ 36 Billion.
Nvidia signals that it was going to have a strong Quarter to Kick Off Its Fiscal 2026, and that production issues for its next-generation chip, blackwell, Had Been Mostly Resolution.
In recent weeks, nvidia ceo jensen huang has said that demand for its chips will remain strong as next-generation ai models that think “about how best to answer Computing Power.
“The Amount of Computation Necessary to Do that Reasoning Process is 100 Times more than what we use to do,” Huang Told CNBC’s Jon Fortt In an interview on wedding.
Nvidia counts on billions of dollars of infrastructure spend annual from the largest tech companies in the world for an outsized Amount of its review. On Wednsday, Huang Said That large cloud service provides – Companies like microsoft, Googleand Amazon – Accountted for about half of Nvidia’s data Center Revenue.
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