Monday, November 25, 2024

How did Nvidia turn into a superb buy? Here are the numbers

The company’s journey to becoming probably the most significant players in AI has produced some jaw-dropping numbers. Here’s a glance.

$3.579 trillion

Nvidia’s total market value sits atop the S&P 500 as of Wednesday’s close. The company reclaimed the No. 1 spot in Sports from Apple ($3.461 trillion) earlier this week. Microsoft is the one other company with a market value above US$3 trillion ($3.089 trillion). A 12 months ago, Nvidia’s market value was around $1.243 trillion.

195%

Nvidia stock price increase to this point this 12 months since Wednesday’s close. A $100,000 investment in Nvidia two years ago can be price greater than $950,000 today. Shares fell about 1% in after-hours trading following the corporate’s earnings release.

25%

That much of the S&P 500’s annual profit as of October thirty first could possibly be attributed to Nvidia alone. Nvidia replaced Intel within the Dow Jones Industrial Average earlier this month.

$30.8 billion

Nvidia’s revenue from its data center business rose 112% 12 months over 12 months within the quarter ended Oct. 31. Total revenue rose 94% year-over-year to $35.1 billion. By comparison, sales for all firms within the S&P 500 are expected to grow by about 5.5% in essentially the most recent quarter, in response to FactSet.

$37.5 billion

Nvidia’s estimate for total fourth-quarter revenue is “plus or minus 2%.” That represents a variety of $36.8 billion to $38.3 billion, compared with Wall Street’s estimate of $37.1 billion. Sales within the fourth quarter of last 12 months were $22.1 billion.

$126.5 billion

Analysts estimate Nvidia’s revenue for the fiscal 12 months ending January 2025. That can be greater than double the revenue for the 2024 fiscal 12 months and greater than 4 times the revenue within the previous 12 months.

54.6 billion

The variety of Thanksgiving meals one could buy with Nvidia’s $3.579 trillion market value, based on the estimated cost of $65.51 for a 15-piece meal from retail information provider Datasembly.

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