Wall Street is heavily focused on Nvidia as investors eagerly await the company’s latest earnings report, slated to be released post-trading on Wednesday. As a leading entity in the surge of artificial intelligence advancements, Nvidia’s update on the demand for its semiconductors, integral to AI functionalities, is highly anticipated.
This upcoming report marks Nvidia’s first since the emergence of DeepSeek, a Chinese company that has recently shaken the AI industry. DeepSeek claims it has developed a large language model that can rival major U.S. contenders without relying on the most costly chips. This revelation led to Nvidia experiencing a one-day market value loss of nearly $600 billion.
Here is a closer examination of Nvidia’s standing:
$3.101 trillion
As of Tuesday’s closing, Nvidia’s market value stood at $3.101 trillion, placing it second in the S&P 500 index, just behind Apple, which boasts a value of $3.711 trillion. Microsoft takes the third spot with a market valuation slightly under the $3 trillion mark at $2.958 trillion. Notably, two years ago, Nvidia’s market valuation was under $600 billion.
-17%
Nvidia’s shares plummeted by 17% on January 27 following the announcement from DeepSeek, which cast doubts over the anticipated Wall Street expenditures on not only Nvidia’s chips but also the broader AI-powered ecosystem. Despite this dip, the stock saw an impressive rise of over 170% in 2024.
22%
According to S&P Dow Jones Indices, Nvidia was responsible for approximately 22% of the S&P 500’s overall gain last year. For context, Amazon contributed about 6% to that growth. Nvidia replaced Intel in the Dow Jones Industrial Average as of November.
$38.1 billion
Wall Street anticipates Nvidia’s overall revenue for the fourth quarter to be around $38.1 billion, which would signify a 70% increase from the same period last year.
$129.4 billion
Analysts project Nvidia’s revenue for the fiscal year concluding in January 2025 to be $129.4 billion, a figure set to be reported on Wednesday. If realized, this would amount to more than double the fiscal 2024 revenue and over four times the total from the prior year.
626.5 billion
With Nvidia’s vast market value of $3.101 trillion, it could purchase approximately 626.5 billion dozen eggs, based on the average January price of $4.95 per dozen, as recorded by the Federal Reserve.
