Nvidia opens at a $1T market cap, joining Apple, Microsoft, Alphabet, and Amazon, after raising its Q2 revenue forecast due to AI demand; NVDA is up 180%+ YTD

CNBC 2023-05-31 Rohan Goswami

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@trungtphan Trung Phan on x
In 1993, Jensen Huang co-founded Nvidia. To incorporate and price the shares, a lawyer asked Huang for any money he had in his wallet. He gave $200 for 20% of Nvidia. Today, he has a 3.6% stake (worth ~$36B after Nvidia crossed $1T market cap). Lesson: Always keep cash on hand. […
@mkt_sentiment @mkt_sentiment on x
Call it irony or foreshadowing, Sun Microsystem's campaign was “We put the dot in dot com”. At its peak in 2000, the company was valued at $200 billion. By 2001, the stock price had dropped by 80% and Oracle bought Sun for $7B in 2010. A 96% drop from its peak valuation. [image]
@mkt_sentiment @mkt_sentiment on x
NVIDIA ($NVDA) is now trading at 37 times its revenue (P/S) and 202 times its earnings (P/E)! Now's the right time to remember what Scott McNealy, CEO of Sun Microsystems told Bloomberg just after the dot-com collapse 👇 [image]
@levie Aaron Levie on x
If a diner doesn't play a pivotal role in your startup, it's less likely that you're building a $1 trillion dollar company. [image]
@felixclc_ @felixclc_ on x
*points at Apple designing their own SoCs as a full in house semi business for the better part of a decade* https://twitter.com/...
@levie Aaron Levie on x
NVIDIA just crossed over $1 trillion market cap today. They were worth less than $10 billion a decade ago. Amazing. [image]
@daveleebbg Dave Lee on x
As Nvidia joins the Trillion Dollar Club, @tculpan on the other boats rising in the tide https://www.bloomberg.com/...
@pelstrom Peter Elstrom on x
Huang's wealth surged by more than $6 billion to a record $34 billion. He co-founded the company in 1993 and still runs it as chief executive officer. https://www.bloomberg.com/...
@edludlow Ed Ludlow on x
Jensen Huang is currently 37th on RICH <GO> (Bloomberg Billionaires Index @TheTerminal) as of Friday's close. Change in wealth YTD = $21.1B (152.8% gain) $NVDA https://www.bloomberg.com/... [image]
@pelstrom Peter Elstrom on x
Props to @vladsavov and @debbywuintaipei for capturing the frenzy around Nvidia's Jensen Huang this week in Taiwan. He's on his fifth public appearance in seven days — maybe the first AI celebrity. It's been a whirlwind ... https://www.bloomberg.com/... via @technology
@stockmktnewz Evan on x
Nvidia $NVDA is now the 7th US company to hit a $1 Trillion valuation Nvidia joins these stocks in the $1T club: Apple $AAPL Microsoft $MSFT Google $GOOGL Amazon $AMZN Facebook $META Tesla $TSLA [image]
@rowancheung Rowan Cheung on x
Nvidia has been on fire with their recent developments, approaching nearly $1 Trillion market cap. CEO Jensen Huang kicked off COMPUTEX Taipei with some incredible announcements: [video]

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Nvidia opens at a $1T market cap, joining Apple, Microsoft, Alphabet, and Amazon, after raising its Q2 revenue forecast due to AI demand; NVDA is up 180%+ YTD

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