Nvidia (NASDAQ:NVDA) saw its shares inch up in pre-market trading today, suggesting the continuation of a rally from Wednesday. This surge has propelled the AI

Nvidia Hits $3 Trillion Market Cap, Becomes World's Second Most Valuable Company Ahead of Apple


blog post cover photo

Image credit: FMP

Nvidia (NASDAQ:NVDA) saw its shares inch up in pre-market trading today, suggesting the continuation of a rally from Wednesday. This surge has propelled the AI chip designer's market value beyond $3 trillion, surpassing Apple to become the second most valuable company globally.

The surge in Nvidia's value is largely attributed to the growing excitement around AI applications. Over the past year, the demand for its AI-optimized chips has increased significantly as more companies invest heavily in integrating this emerging technology into their operations.

In a surprising development earlier this week, Nvidia announced the upcoming release of its new "Rubin" chip, only a few months after its last product launch. This move comes as the company faces stiff competition from other chipmakers like Advanced Micro Devices and Intel, as well as from custom processors developed by major cloud computing companies such as Microsoft and Google.

Other Blogs

Nov 25, 2023 6:39 AM - Parth Sanghvi

DCF Valuation vs. Comparable Companies Analysis: Choosing the Right Valuation Method

Choosing the Right Valuation Method: DCF vs. Comparable Companies Analysis Introduction: Valuation methods play a pivotal role in determining the fair value of a company, aiding investors in making informed investment decisions. Two commonly used methods, DCF Valuation and Comparable Companies A...

blog post title

Dec 23, 2023 2:19 AM - Parth Sanghvi

Understanding the Limitations of DCF Analysis: A Guide to Overcoming Challenges

Introduction: Discounted Cash Flow (DCF) analysis stands as a cornerstone in valuing investments, yet its efficacy is contingent upon various assumptions and methodologies. While a powerful tool, DCF analysis comes with inherent limitations and challenges that investors must acknowledge to make i...

blog post title

Dec 25, 2023 2:28 AM - Parth Sanghvi

Integrating Sustainability into Valuations: Navigating ESG Factors within the Discounted Cash Flow (DCF) Model

Introduction: The investment landscape is undergoing a profound shift with a heightened emphasis on sustainability and responsible investing. In this blog post, we explore the intersection of Environmental, Social, and Governance (ESG) considerations within the Discounted Cash Flow (DCF) model, h...

blog post title


Financial Modeling Prep API provides real time stock price, company financial statements, major index prices, stock historical data, forex real time rate and cryptocurrencies. Financial Modeling Prep stock price API is in real time, the company reports can be found in quarter or annual format, and goes back 30 years in history.
2017-2024 © Financial Modeling Prep