Nvidia (NVDA, Financials) rose for a fifth straight session Friday, pushing its market value to $3.8 trillion and reclaiming its spot as the most valuable public company. The stock has climbed 66% since April lows, fueled by strong demand for AI chips.
CEO Jensen Huang warned that U.S. export rules effectively shut Nvidia out of China’s $50 billion market, saying recent results would have been stronger with access. At the company’s shareholder meeting Wednesday, Huang called robotics Nvidia’s next big opportunity, citing a future of billions of robots powered by its chips. The segment, including automotive, generated $567 million last quarter.
Wedbush’s Dan Ives projected Nvidia and Microsoft (MSFT, Financials) could hit $4 trillion in value this summer and $5 trillion in 18 months. Investors are watching for updates on China policy and Nvidia’s earnings guidance.
This article first appeared on GuruFocus.
Add Comment