'Crazy' demand for Nvidia's AI chip leads to record stock price


Nvidia is the second most valuable company in the world, with a market capitalization of over $3 trillion. At the market close on Monday, shares of the AI ​​chip maker hit an unprecedented high of $138.07 before falling to $131.32 at the time of writing.

Nvidia's performance is tied to strong demand for its AI chips. Nvidia CEO Jensen Huang recently stated that demand for Nvidia's Blackwell AI chip is “crazy” and “everyone wants more.” Nvidia expects to ship enough of the new chip to manufacture several billion dollars.

Nvidia was briefly on the brink bringing down Apple as the most valuable company in the world on Monday. Last week, Nvidia shares rose by 400 billion dollars in five daysmore than Costco's entire market cap.

Related: Employees who have worked at this company for the past 5 years are now multi-millionaires in 'semi-retirement'

Huang also said last month that request was his biggest concern, or what kept him up at night.

“We have a lot of people on our shoulders and everyone is relying on us,” he said, adding that access to Nvidia's technology was a “really emotional” point for the company's customers.

Nvidia counts the biggest tech players among its customers: Amazon, Meta, Microsoft and Google contribute more than 40% of her income. Nvidia's revenue exceeded analysts' expectations the last quarter, with revenue growth of 122% year-on-year, the fourth quarter in a row with growth of over 100%.

Related: Nvidia's earnings have more than doubled, but traders are still “shrugging their shoulders.” Here's why according to a market expert.



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