Nvidia's value surpasses Alphabet and Amazon.

Chipmaker Nvidia's market capitalization has just surpassed Alphabet to become the third most valuable company in the US, as investors are optimistic about the AI ​​wave.

At the close of trading on February 14th, Nvidia shares rose 2.46%, pushing its market capitalization to $1.825 trillion. Alphabet shares increased only 0.55%, bringing its market capitalization to $1.821 trillion. This allowed Nvidia to surpass Alphabet and become the third most valuable company in the US.

The previous day, Nvidia's market capitalization surpassed Amazon's for the first time in two decades. Currently, Amazon's market capitalization is $1,776.

Nvidia is currently the biggest beneficiary in the race among tech companies to integrate AI into their products. They control approximately 80% of the high-end AI chip market. This position has helped the company's stock rise 47% this year, after tripling in value in 2023.

Many other tech companies, from Microsoft to Meta Platforms, have also seen record stock price increases thanks to the AI ​​wave. Last month, Microsoft surpassed Apple to become the world's most valuable company, with a market capitalization of over $3 trillion.

Next week, Nvidia will release its Q4 2023 financial report, which is currently being closely watched by Wall Street. Analysts believe the chipmaker will continue to have a booming quarter with bright prospects. However, if it falls short of expectations, the AI ​​bubble could burst.

"The market currently views Nvidia as the king of AI. But that also means that if they have a bad quarterly report that doesn't exceed investor expectations, their stock price could drop by 20-30% in after-hours trading," warned Jake Dollarhide, CEO of Longbow Asset Management.

Analysts forecast Nvidia's revenue for the previous quarter to more than triple, to $20.3 billion. Net profit could increase by 400% to $11.3 billion.

Ha Thu (according to Reuters)

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