Nvidia Overtakes Alphabet as Third Largest US Company Amid AI Surge
February 14, 2024
Nvidia Corp. has overtaken Alphabet becoming the third most valuable US company with a market cap of $1.832 trillion.
The company's value surge is linked to the artificial intelligence boom with its stock tripling over the past year.
Nvidia is approaching a $2 trillion market cap, a milestone only Apple, Microsoft, and Alphabet have reached.
Analysts project Nvidia's fourth-quarter earnings to be $4.56 per share with revenues of $20.33 billion, to be reported on February 21st.
The upcoming earnings report is crucial as it will influence Nvidia's short-term trajectory in the stock market.
The Arora Report suggests investment strategies, including portfolio allocation and hedge levels, based on money flow in various stocks.
Summary based on 23 sources