Jump to contentAllNewsSportCultureLifestyleNvidia is the world’s most valuable stock (Reuters)Nvidia’s share price rose by more than 7 per cent in pre-market trading, potentially adding $370bn (£272.5bn) to the chipmaker's market value in a single day. The company's quarterly revenue more than doubled year-on-year to $96.2bn, exceeding revenue forecasts for the 16th consecutive quarter. The surge was largely driven by strong future sales guidance and CEO Jensen Huang reassuring investors over concerns regarding AI investment models. Nvidia highlighted approximately $2tn in backlogged demand, suggesting sustained appetite for its chips across the artificial intelligence sector. While analysts described the results as a boost for the tech sector, some market commentators cautioned that high valuations carry increased risk of future falls. In fullWorld’s most valuable stock Nvidia gains $370bn overnight as AI demand growsMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
Nvidia’s share price jumps by 7% overnight – here’s why
Jump to contentAllNewsSportCultureLifestyleNvidia is the world’s most valuable stock (Reuters)Nvidia’s share price rose by more than 7 per cent in pre-market trading, potentially adding $370bn (£272.5bn) to the chipmaker's market value in a single day. The company's quarterly revenue more than doubled year-on-year to $96.2bn, exceeding revenue forecasts for the 16th consecutive quarter. The surge was largely driven by strong future sales guidance and CEO Jensen Huang reassuring investors over concerns regarding AI investment models. Nvidia highlighted approximately $2tn in backlogged demand, suggesting sustained appetite for its chips across the artificial intelligence sector. While analysts described the results as a boost for the tech sector, some market commentators cautioned that high valuations carry increased risk of future falls. In fullWorld’s most valuable stock Nvidia gains $370bn overnight as AI demand growsMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
