Remember us little computer people, Nvidia.
made during its recent Q1 earnings call. It completely distracted from the fact it was 13% down year-on-year by noting that it expected revenue to hit $11Bn in Q2—64%But, while the share price made a huge jump on the back of that announcement, it's only today, after a 6% rise, that it's breached the $1 trillion mark in terms of market capitalisation. In fact, it's still rising as I write this and the market cap is actually standing at $1.02 trillion right now.
It's maybe worth noting that market analysts have been warning about Nvidia being overvalued for some time now, but they might reconsidering that right now as the company has pushed past the price it reached back in the heady days of late 2021, when its share price topped out at a shade under $330. As an aside, Nvidia's third largest shareholder, and member of the board, Tench Coxe has sold 100,000 shares since the biggest price rise last week. He's cashing in to the tune of around $38 million, though given that he was said to have around 4.3shares in the company, as of this time last year, it's not like he's cashing out before things get rough.
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