Nvidia Could Join the Trillion-Dollar Stock Club. How Much It Needs to Gain.

·3 min read
Nvidia Could Join the Trillion-Dollar Stock Club. How Much It Needs to Gain.

Nvidia might become the world’s first trillion-dollar chip stock—but it’s not worth chasing after this past week’s surge. Shares of Nvidia (ticker: NVDA) soared 24% on Thursday after an earnings and guidance release that has been described as “incredible,” “unfathomable,” and “the greatest beat of all time.” Nvidia reported a first-quarter profit of $1.09 a share, ahead of forecasts for 92 cents, while offering second-quarter revenue guidance of $11 billion, nearly $4 billion more than the $7.15 billion consensus.