Nvidia becomes the fourth-largest U.S. company by market cap

  • Nvidia surpasses Amazon in market cap for the first time since 2002
  • Nvidia is now the fourth-largest U.S. company by market cap
  • Nvidia aims to surpass Alphabet as the third-largest company
  • Nvidia’s stock saw smaller declines compared to Amazon
  • Nvidia’s market value is $1.78 trillion, while Amazon’s is $1.75 trillion
  • Nvidia is expected to report strong earnings next week
  • Analyst predicts Nvidia could deliver $23 billion in revenue for the latest quarter
  • Nvidia’s AI hardware demand remains strong

Nvidia Corp. has achieved a significant milestone by surpassing Amazon.com Inc. in market cap for the first time since 2002. With a market value of $1.78 trillion, Nvidia is now the fourth-largest U.S. company. The chip giant is now setting its sights on surpassing Alphabet Inc. Nvidia’s stock saw smaller declines compared to Amazon, giving it the edge. The company is expected to report strong earnings next week, with analysts predicting revenue of $23 billion for the latest quarter. Despite supply constraints, Nvidia’s AI hardware demand remains strong.

Public Companies: Nvidia Corp. (NVDA), Amazon.com Inc. (AMZN), Alphabet Inc. (GOOG), Alphabet Inc. (GOOGL)
Private Companies:
Key People:

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Factuality Level: 7
Justification: The article provides information about the market value of Nvidia and Amazon, as well as their rankings among U.S. companies. It also mentions Nvidia’s upcoming earnings report and analyst expectations. The information provided seems to be based on factual data and market analysis.

Noise Level: 3
Justification: The article provides information about Nvidia surpassing Amazon in market value and includes some details about Nvidia’s rise in the ranks. However, the article lacks depth and analysis, and it includes unrelated information about Nvidia’s upcoming earnings report and a stock sale by Jeff Bezos. Overall, the article contains some relevant information but lacks in-depth analysis and focuses on unrelated topics, resulting in a higher noise level.

Financial Relevance: Yes
Financial Markets Impacted: Nvidia Corp. and Amazon.com Inc.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article discusses the market value of Nvidia Corp. surpassing that of Amazon.com Inc., indicating financial relevance. However, there is no mention of any extreme event or its impact.

Reported publicly: www.marketwatch.com