Overview
- Shares rose for a fifth consecutive day on June 27, lifting Nvidia past Microsoft to become the world’s most valuable company at about $3.8 trillion
- First-quarter revenue jumped 69% year-over-year to $44 billion thanks to booming demand for its data-center GPUs
- CEO Jensen Huang identified robotics and autonomous vehicles as the next multitrillion-dollar growth markets beyond AI
- U.S. export controls on Nvidia’s H20 AI chips to China are expected to reduce the company’s sales by roughly $5.5 billion this fiscal year
- Analysts from Wedbush and Loop Capital predict Nvidia’s market cap could reach $4 trillion or more in the coming months