{"id":52730,"date":"2023-08-25T00:43:01","date_gmt":"2023-08-25T04:43:01","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/nvidias-market-value-just-keeps-climbing-the-math-behind-it-surpassing-apple\/"},"modified":"2023-08-25T00:43:03","modified_gmt":"2023-08-25T04:43:03","slug":"nvidias-market-value-just-keeps-climbing-the-math-behind-it-surpassing-apple","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=52730","title":{"rendered":"Nvidia\u2019s Market Value Just Keeps Climbing. The Math Behind It Surpassing Apple."},"content":{"rendered":"
\n

The investing frenzy over artificial intelligence showed no signs of stopping after blowout earnings and guidance from Nvidia.<\/p>\n

\n Nvidia
\n (ticker: NVDA) stock had already tripled this year by Wednesday\u2019s close, but the group\u2019s latest earnings propelled the shares another 6.5% to an intraday record high Thursday. While shares retreated, hung onto some gains, closing up 0.1% to $471.63\u2014less than 1% from their all-time closing high of $474.94.<\/p>\n

\n

The market cap of Nvidia topped $1.2 trillion as of Thursday\u2014a remarkable rise from the start of the year, when the company\u2019s value was below $370 billion. Nvidia is closing in on
\n Amazon\u2019s<\/span>
\n (AMZN) $1.4 trillion value and
\n Alphabet\u2019s<\/span>
\n $1.7 trillion mark, though
\n Apple
\n (AAPL), the world\u2019s most valuable company with a market cap above $2.8 trillion, is further away.<\/p>\n

If you believe Wall Street, these milestone market caps held by Big Tech peers could soon be claimed by the chip maker.<\/p>\n

Nvidia stock has an average target price among analysts surveyed by FactSet of $574.40, though that could rise because more brokers are likely to update their financial forecasts now that the earnings are out. This average price target implies a gain of almost 22% for Nvidia\u2019s stock price, as of the Thursday closing level, which would translate to its market cap climbing to around $1.42 billion.\u00a0<\/p>\n

That would make the company more valuable than Amazon at its current level and put it within spitting distance of Alphabet. And there is reason to believe Nvidia could continue to outperform. After all, two consecutive quarters of vastly outperforming Wall Street\u2019s expectations have been a significant factor pushing Nvidia stock higher.<\/p>\n

If there is one takeaway from the chip maker\u2019s performance so far in 2023, it is that no one should be surprised if Nvidia turns in better results than anticipated. There is at least one Nvidia mega-bull who sees the company\u2019s market cap climbing above that of Apple at the iPhone maker\u2019s current value.<\/p>\n

Chaim Siegel, an analyst at Elazar Advisors, has a $1,606 price target on Nvidia stock, implying the shares will gain 220% from Thursday\u2019s opening level. That would propel the group to a market cap just shy of $4 trillion\u2014a milestone no company has ever reached.<\/p>\n

Siegel\u2019s estimate is striking, but perhaps not outlandish. Here\u2019s the math that backs up Nvidia stock at more than $1,600 with a market cap dwarfing Apple\u2019s.<\/p>\n

Nvidia\u2019s data-center revenue\u2014which includes the AI business\u2014grew to $9.2 billion in the second quarter from $4.3 billion in the first quarter. Analysts surveyed by FactSet expect the group to report data-center sales of $11.1 billion in the third quarter, which would mark a slowdown in growth after a big acceleration. Siegel is far more bullish, seeing it as unlikely that a slowdown is coming, especially because the company has seen demand accelerating.\u00a0<\/p>\n

Siegel arrives at his target based on what he thinks investors will be willing to pay for the earnings Nvidia will deliver next year. <\/p>\n

While analysts surveyed by FactSet expect Nvidia to earn $10.42 a share in 2024, Siegel has that number at $35.69. Nvidia was trading at 35 times next year\u2019s earnings on Thursday, according to FactSet data, but Siegel uses a valuation of 45 times, which is closer to where the stock has been in recent weeks. It was at 43 times before the results on Wednesday. Forty-five multiplied by $35.69 is just above $1,606, Siegel\u2019s target. <\/p>\n

\u201cAnd I think I\u2019m too conservative,\u201d Siegel wrote in a note. \u201cThese numbers are so big that I don\u2019t know what to do.\u201d<\/p>\n

It should all help Nvidia bulls riding the earnings high keep the party going.<\/p>\n

Write to Jack Denton at jack.denton@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The investing frenzy over artificial intelligence showed no signs of stopping after blowout earnings and guidance from Nvidia. Nvidia (ticker: NVDA) stock had already tripled this year by Wednesday\u2019s close, but the group\u2019s latest earnings propelled the shares another 6.5% to an intraday record high Thursday. While shares retreated, hung onto some gains, closing up […]<\/p>\n","protected":false},"author":1,"featured_media":15848,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-52730","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nNvidia\u2019s Market Value Just Keeps Climbing. The Math Behind It Surpassing Apple. | iFintechWorld<\/title>\n<meta name=\"description\" content=\"The investing frenzy over artificial intelligence showed no signs of stopping after blowout earnings and guidance from Nvidia. Nvidia (ticker: NVDA) stock\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=52730\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nvidia\u2019s Market Value Just Keeps Climbing. The Math Behind It Surpassing Apple. | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"The investing frenzy over artificial intelligence showed no signs of stopping after blowout earnings and guidance from Nvidia. Nvidia (ticker: NVDA) stock\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=52730\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-25T04:43:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-25T04:43:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/1685481332_social.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=52730#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=52730\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Nvidia\u2019s Market Value Just Keeps Climbing. The Math Behind It Surpassing Apple.\",\"datePublished\":\"2023-08-25T04:43:01+00:00\",\"dateModified\":\"2023-08-25T04:43:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=52730\"},\"wordCount\":623,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=52730#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=52730\",\"url\":\"https:\/\/ifintechworld.com\/?p=52730\",\"name\":\"Nvidia\u2019s Market Value Just Keeps Climbing. The Math Behind It Surpassing Apple. | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-08-25T04:43:01+00:00\",\"dateModified\":\"2023-08-25T04:43:03+00:00\",\"description\":\"The investing frenzy over artificial intelligence showed no signs of stopping after blowout earnings and guidance from Nvidia. Nvidia (ticker: NVDA) stock\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=52730#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=52730\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=52730#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Nvidia\u2019s Market Value Just Keeps Climbing. The Math Behind It Surpassing Apple.\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Nvidia\u2019s Market Value Just Keeps Climbing. The Math Behind It Surpassing Apple. | iFintechWorld","description":"The investing frenzy over artificial intelligence showed no signs of stopping after blowout earnings and guidance from Nvidia. Nvidia (ticker: NVDA) stock","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=52730","og_locale":"en_US","og_type":"article","og_title":"Nvidia\u2019s Market Value Just Keeps Climbing. The Math Behind It Surpassing Apple. | iFintechWorld","og_description":"The investing frenzy over artificial intelligence showed no signs of stopping after blowout earnings and guidance from Nvidia. Nvidia (ticker: NVDA) stock","og_url":"https:\/\/ifintechworld.com\/?p=52730","og_site_name":"iFintechWorld","article_published_time":"2023-08-25T04:43:01+00:00","article_modified_time":"2023-08-25T04:43:03+00:00","og_image":[{"width":1280,"height":640,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/1685481332_social.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=52730#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=52730"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Nvidia\u2019s Market Value Just Keeps Climbing. The Math Behind It Surpassing Apple.","datePublished":"2023-08-25T04:43:01+00:00","dateModified":"2023-08-25T04:43:03+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=52730"},"wordCount":623,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Markets"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=52730#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=52730","url":"https:\/\/ifintechworld.com\/?p=52730","name":"Nvidia\u2019s Market Value Just Keeps Climbing. The Math Behind It Surpassing Apple. | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-08-25T04:43:01+00:00","dateModified":"2023-08-25T04:43:03+00:00","description":"The investing frenzy over artificial intelligence showed no signs of stopping after blowout earnings and guidance from Nvidia. Nvidia (ticker: NVDA) stock","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=52730#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=52730"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=52730#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Nvidia\u2019s Market Value Just Keeps Climbing. The Math Behind It Surpassing Apple."}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/52730","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=52730"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/52730\/revisions"}],"predecessor-version":[{"id":52731,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/52730\/revisions\/52731"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/15848"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}