According to reports on February 23rd from 快科技, the three major U.S. stock indices opened higher collectively. By the time of submission, Nvidia saw a more than 4% increase, with its stock price reaching a new all-time high of $800, and its total market value surpassing the landmark of $2 trillion.
It is worth noting that Nvidia achieved this milestone leap from $1 trillion to $2 trillion in just 8 months.
In comparison, it took Microsoft approximately 2 years and 6 months to reach a market value of $1 trillion to $2 trillion, while Apple achieved the same milestone in about 2 years.
According to reports, Nvidia's market value increased by approximately $277 billion in just one day after its stock price surged 16% on Thursday, bringing its total market value to $1.96 trillion.
Stacy Rasgon, an analyst at Sanford C. Bernstein, exclaimed, "This company is like printing money."
According to Nvidia's latest financial report, in the fourth quarter of the fiscal year 2024, the company's revenue was $22.103 billion, a year-on-year increase of 265%; and its net profit was $12.285 billion, a year-on-year increase of 769%.
For the full fiscal year 2024, the company's revenue was $60.922 billion, a year-on-year increase of 126%; and its net profit was $29.760 billion, a year-on-year increase of 581%.
However, the prominent investor Cathy Wood, also known as "Wood Sister," chose to sell some Nvidia stocks before the financial report was released, despite previously having a favorable view of the company.
In a recent interview, Cathie Wood, the CEO of ARK Invest and often referred to as the "female Buffett," admitted that she sold Nvidia stocks worth about $4.5 million.
Wood acknowledged that the current AI boom is not a bubble and that Nvidia is indeed a deserving leader in the AI field.
However, she believes that the market has set overly high expectations for Nvidia, and the stock has indeed become a bit overvalued.
