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NVIDIA's Meteoric Rise Has More Room for Growth [Yahoo! Finance]
Last microsoft corporation earnings: 4/29 04:06 pm
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The AI chipset behemoth has become the world's most valuable company with respect to market capital, surpassing the software giant Microsoft Corp. MSFT. Just two weeks ago, the company overtook the second position from another global tech giant, Apple Inc. AAPL. The stock price of NVIDIA soared 175% year to date, 215% over the past 12 months and an astonishing 3,400% in the last five years, respectively. The company's market capital crossed $1 trillion on Jun 13, 2023, for the first time, $2 trillion on Mar 1, 2024, and $3 trillion on Jun 5, 2024. On May 22, NVIDIA reported blockbuster first-quarter fiscal 2025 results smashing all expectations. Revenues soared 262% year over year, marking the third straight quarter of growth in excess of 200%. The EPS was also well above the consensus estimate. The AI market has gathered pace in the past few years, buoyed by the rapid penetration of digital technologies and the Internet. These astonishing results were primarily due to sky-high
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