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Nvidia (NASDAQ: NVDA) has achieved a significant milestone by becoming the first company to reach a market capitalization of $4 trillion. This accomplishment reflects growing investor optimism and positions Nvidia as the most valuable company globally. The company’s financial results for the second quarter, which are set to be reported on August 27, are anticipated to further boost its market cap.
For the second quarter, Nvidia is projecting a 50% increase in revenue compared to the previous year, estimating $45 billion in revenue with earnings per share expected to rise to $1. Wall Street analysts predict Nvidia’s stock may rise about 8% to 53% in the next 12 to 18 months.
Recent developments include the introduction of Nvidia’s Blackwell architecture, aimed at enhancing its product offerings in the AI sector. The demand for Nvidia’s chips is particularly robust in the data center market, essential for powering generative AI applications.
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