Nvidia continues to shine and after the presentation of results its shares flew more than 9%

Nvidia continues to shine and after the presentation of results its shares flew more than 9%

The technology firm Nvidia continues to break records and its investors celebrate. It is that in the presentation of the results of the first quarter of the current financial year he reported that his income skyrocketed no less than 262% to US$26,044 million and its profits multiplied by more than seven, going from US$2,043 to US$14,881 million, an increase of 628%.

So, this Thursday, the company’s shares of semiconductors climbed 9.3% and accumulated an increase of 30% in the last month.

How to invest in Nvidia

Argentines who want to invest in the stock can do so through a CEDEAR.

The majority came from the Data Centers segments, which grew 427% year over year to US$22,563 million, and Games, which increased 18% to US$2,647 million.

The artificial intelligence chip maker is undoubtedly one of the darlings of the technology sector.since andxexperienced a 91.4% rise in its share price this year and 203.2% in the last twelve months. Currently, Nvidia It is the third largest company by market capitalization in the S&P 500 and has a market valuation of US$2.3 trillion.

The truth is that the company It even exceeded the figures I had anticipated a short time ago. In February, after presenting its annual results, Nvidia forecast revenues of around US$24 billion for the first quarter of this year.

While, for the second quarter of the current fiscal year, the technology firm has already announced that It expects revenues of around US$28 billion with a gross margin of 74.8%.

Why Nvidia is rising

Nvidia is taking full advantage of the artificial intelligence fever and of course its main strength is that manufactures the most powerful microprocessors on the market. In the sector, they detail that companies like Intel, Samsung and other technology giants are developing their own microprocessors for artificial intelligence, but Nvidia is several steps ahead.

“The next industrial revolution has begun: companies and countries are partnering with Nvidia to shift traditional trillion-dollar data centers to accelerated computing and build a new type of data center (AI factories) to produce a new product: artificial intelligence,” said Jensen Huang, founder and CEO of Nvidia.

“AI will bring significant productivity gains to almost all industries and will help companies become more cost and energy efficient, while expanding revenue opportunities,” the executive added.

Source: Ambito

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