You are visiting the website that is operated by Ultima Markets Ltd, a licensed investment firm by the Financial Services Commission “FSC” of Mauritius, under license number GB 23201593. Please be advised that Ultima Markets Ltd does not have legal entities in the European Union.
If you wish to open an account in an EU investment firm and protected by EU laws, you will be redirected to Ultima Markets Cyprus Ltd (the “CIF”), a Cyprus investment firm duly licensed and regulated by the Cyprus Securities and Exchange Commission with license number 426/23.
Nvidia stock price rallied to record high yesterday, with valuation topping US$3 trillion while overtaking Apple to become the world’s second most valuable company. Recent surge in Nvidia’s stock price stemmed from the company’s bullish quarterly report and revenue forecast.
For its first quarter, the company recorded a 262% jump in revenue year-on-year, coming in at US$26 billion. In addition, Nvidia’s recent foray into generative AI training has yielded a solid 427% rise in revenue with US$22.6 billion, accounting for 86% of their total revenue. The company commented that their data centre growth is expected to grow exponentially as the demand rises in the future.
(Nvidia Stock Price, Daily Chart, TradingView)
At the same time, Nvidia also announced a 10-for-1 stock split. The stock split, which is expected to be exercised by end of this week will reduce its stock price from over $1,000 to around $100 mark. While stock split does not affect the company, it will open the door for broader range of investors.
Disclaimer
Comments, news, research, analysis, price, and all information contained in the article only serve as general information for readers and do not suggest any advice. Ultima Markets has taken reasonable measures to provide up-to-date information, but cannot guarantee accuracy, and may modify without notice. Ultima Markets will not be responsible for any loss incurred due to the application of the information provided.