Nvidia’s recent rally puts it in competition with Amazon

  • Nvidia stock inches up and reaches new closing high
  • Nvidia closing in on Amazon’s market value
  • Nvidia’s H100 chip plays a key role in training AI systems
  • Nvidia’s market value stands at $1.73 trillion, close to Amazon’s $1.78 trillion
  • Nvidia trades at a forward P/E multiple of 33, while Amazon trades at 40
  • Morgan Stanley raises target price on Nvidia shares to $750
  • Arm Holdings beats expectations for earnings and outlook
  • Arm’s ADRs up 22% in premarket trading
  • Nvidia shares have risen 28% in the last month

Nvidia’s stock has been steadily climbing, reaching a new closing high and inching closer to Amazon’s market value. The company’s H100 chip is crucial for AI training. With a market value of $1.73 trillion, Nvidia is closing in on Amazon’s $1.78 trillion valuation. Nvidia trades at a forward P/E multiple of 33, while Amazon trades at 40. Analysts at Morgan Stanley have raised their target price on Nvidia shares to $750. In addition, Arm Holdings, which incorporates Nvidia technology, has reported better-than-expected earnings and outlook, boosting investor confidence. Nvidia’s shares have risen 28% in the last month, outperforming the S&P 500 and Nasdaq Composite Index. With these positive developments, Nvidia’s future looks promising.

Public Companies: Nvidia (NVDA), Amazon (AMZN), Arm Holdings (undefined), Advanced Micro Devices (undefined), Intel (undefined)
Private Companies:
Key People:

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Factuality Level: 7
Justification: The article provides information about Nvidia’s stock performance and market value compared to Amazon. It includes data from FactSet and mentions the target price raised by analysts at Morgan Stanley. The article also mentions the positive earnings and outlook of chip designer Arm Holdings. However, the article lacks in-depth analysis and context about the factors driving Nvidia’s stock performance and market value.

Noise Level: 3
Justification: The article is short and focused on providing updates on Nvidia’s market value and recent performance. It does not contain irrelevant or misleading information, but it lacks in-depth analysis, evidence, and actionable insights.

Financial Relevance: Yes
Financial Markets Impacted: Nvidia’s market value and Amazon’s market value

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article discusses the increase in Nvidia’s market value and its potential to overtake Amazon in terms of market value. There is no mention of any extreme events or their impact.

Reported publicly: www.marketwatch.com