Nvidia’s stock price has jumped 92% this year as of Wednesday, increasing the company’s market value by more than $1 trillion. Those numbers are headed higher again Thursday after the company reported better-than-expected quarterly results.
The chipmaker has seen soaring demand for its semiconductors, which are used to power artificial intelligence, or AI applications. The company's revenue more than tripled in the latest quarter from the same period a year earlier.
It's the latest sign that the excitement surrounding artificial intelligence likely won’t subside anytime soon. Nvidia, which has positioned itself as one of the most prominent players in AI, has been producing some eye-popping numbers. Here’s a look:
The amount Nvidia Corp.’s market value has increased so far this year as of May 22, according to FactSet. In other words, Nvidia's year-to-date gain is almost equal to the market value of Facebook and Instagram parent Meta Platforms. In all, just six of the 500 companies in the S&P 500 have market caps above $1.152 billion, including Nvidia.
Nvidia’s total market value as of the close of trading Wednesday. Earlier this year, it passed Amazon and Alphabet to become the third most valuable public company, behind Microsoft ($3.2 trillion) and Apple ($2.927 trillion). The company was valued at around $418 billion two years ago.
Nvidia's price at the opening of trading Thursday, making it just the ninth company in the S&P 500 with a share price over $1,000 (which sounds more notable than it is.) That will soon change however. On Wednesday, Nvidia announced that it plans a 10-for-1 stock split, meaning there will be 10 times more shares outstanding, but the price of each will be closer to $100 each. The company said the split, effective after markets close on June 7, will make its shares more accessible to employees and investors.
Revenue for Nvidia's most recent fiscal quarter. That's more than triple the $7.2 billion it reported in the same period a year ago. Wall Street expects Nvidia to bring in revenue of $117 billion in fiscal 2025, which would be close to double its revenue in 2024 and more than four times its receipts the year before that.
Nvidia’s estimated net margin, or the percentage of revenue that gets turned in profit. Looked at another way, about 53 cents of every $1 in revenue Nvidia took in last year went to its bottom line. By comparison, Apple’s net margin was 26.3% in its most recent quarter and Microsoft’s was 36.4%. Both those companies have significantly higher revenue than Nvidia, however.
FILE - CEO Jensen Huang walks on stage before the keynote address of Nvidia GTC in San Jose, Calif., Monday, March 18, 2024. Nvidia’s stock price has jumped 92% this year as of Wednesday, May 22, increasing the company’s market value by more than $1 trillion. Those numbers are headed higher again Thursday after the company reported better-than-expected quarterly results. (AP Photo/Eric Risberg)
OTTAWA, Ontario (AP) — Danny Nelson scored the eventual game-winner in the third period and Trey Augustine made 38 saves, leading the United States to a 4-1 win over Canada on Tuesday night and into the top spot in Group A at the world junior hockey championship.
Cole Hutson and Cole Eiserman each had a goal and an assist for the Americans. Ryan Leonard scored into an empty-net.
Bradly Nadeau scored for Canada, which allowed three goals on seven American power plays. Carter George stopped 24 shots.
Canada finished third in the pool and will face Czechia in Thursday’s quarterfinals. The Americans face Switzerland.
In another Group A game, Finland beat Latvia 3-0 and finished second in the group.
Benjamin Rautiainen had a goal and an assist and Petteri Rimpenen earned the shutout for Finland, which finished with eight points.
Latvia finished fourth in the group and will face Sweden in Thursday’s quarterfinals.
Jesse Kiiskinen and Kasper Halttunen also scored for Finland.
In Group B, Switzerland beat Kazakhstan 3-1 to secure a spot in the quarterfinal round.
Simon Meier and Ludvig Johnson each had a goal and an assist and Robin Antenen also scored for the Swiss, who entered without a point in three earlier games but moved past Kazakhstan into fourth spot in the group.
Kirill Lyapunov scored for Kazakhstan, which came in as fourth in the group after earning a point in a 5-4 overtime loss to Slovakia on Monday.
Switzerland will face the winner of Group A in the quarterfinals on Thursday. Kazakhstan faces Germany in a relegation game, with the loser demoted to the Division I Group A tournament for 2026.
In another Group B game, Sweden completed a sweep of its four preliminary round games, beating Czechia 4-2.
Herman Traff scored twice and Anton Wahlberg and Felix Unger Sorum also scored for Sweden.
Petr Sikora and Eduard Sale scored for Czechia, which finished second in the group with three wins and a loss.
AP sports: https://apnews.com/sports
Canada's Luca Pinelli (13) shoots against United States goaltender Trey Augustine (1) as United States' Aram Minnetian (14) defends during second-period IIHF World Junior Hockey Championship tournament game action in Ottawa, Ontario, Tuesday, Dec. 31, 2024. (Sean Kilpatrick/The Canadian Press via AP)
Canada goaltender Carter George (30) makes a save as United States' Brandon Svoboda (8) stumbles and Canada's Andrew Gibson (2) defends during the first period of an IIHF World Junior Hockey Championship tournament game in Ottawa, Ontario on Tuesday, Dec. 31, 2024. (Sean Kilpatrick/The Canadian Press via AP)
Canada's Andrew Gibson (2) blocks a shot from United States' Cole Hutson (24) during the first period of an IIHF World Junior Hockey Championship tournament game in Ottawa, Ontario on Tuesday, Dec. 31, 2024. (Sean Kilpatrick/The Canadian Press via AP)
United States goaltender Trey Augustine (1) makes a save against Canada's Gavin McKenna (9) as United States' Drew Fortescue (5) defends during third-period IIHF World Junior Hockey Championship tournament game action in Ottawa, Ontario, Tuesday, Dec. 31, 2024. (Sean Kilpatrick/The Canadian Press via AP)
United States' Ryan Leonard (9) shoots against Canada during the third period of an IIHF World Junior Hockey Championship tournament game in Ottawa, Ontario on Tuesday, Dec. 31, 2024. (Sean Kilpatrick/The Canadian Press via AP)
United States' Cole Eiserman (91) celebrates his goal against Canada with Zeev Buium (28) during the third period of an IIHF World Junior Hockey Championship tournament game in Ottawa, Ontario on Tuesday, Dec. 31, 2024. (Sean Kilpatrick/The Canadian Press via AP)
