Friday, June 9th 2017
NVIDIA's Market Cap to Reach $100 billion Soon; Grew ~$25 billion Since May 2017
NVIDIA has been on a roll lately with their market capitalization and share valuation, which could very well send the company soaring past the $100 billion dollar mark today. Whether or not that happens (and if it does, it will be a historical milestone for the company), NVIDIA's growth of almost $25 billion dollars since May 13th is nothing short of jaw-dropping.
The "sudden" market valuation on NVIDIA comes on the heels of the company's strong graphics execution and increasingly entrenched position in the high performance GPU computing market for machine learning. The company's Volta architecture, which was showcased by Jensen Huang at their GTC keynote on May 10th, boosted confidence in the company significantly. Since then, the company's market cap has increased from the $75 billion dollar it was at shortly after GTC, towards its $96.31 billion rated market cap today. More recently, with the recent rise of the crypto wave craze, NVIDIA's GPUs have been talked about as real alternatives to AMD's previously (and perhaps hurtful for the company) grasp on this kind of workloads.Recently, new miners optimized for NVIDIA's Pascal architecture have been making waves in the market, and there's even been a recently-launched NVIDIA-based mining station. There have even been analysts' articles detailing how more efficient NVIDIA cards are in mining, in a purely $/W perspective, even if they aren't the fastest yet. Much like AMD has been reaping the benefits of market and customer recognition for their cards' mining prowess, so does NVIDIA stand to gain, and the soaring shares from the company in the last few days could culminate in the company crossing the $100 billion threshold much sooner than expected.
Sources:
Marketwatch, Videocardz
The "sudden" market valuation on NVIDIA comes on the heels of the company's strong graphics execution and increasingly entrenched position in the high performance GPU computing market for machine learning. The company's Volta architecture, which was showcased by Jensen Huang at their GTC keynote on May 10th, boosted confidence in the company significantly. Since then, the company's market cap has increased from the $75 billion dollar it was at shortly after GTC, towards its $96.31 billion rated market cap today. More recently, with the recent rise of the crypto wave craze, NVIDIA's GPUs have been talked about as real alternatives to AMD's previously (and perhaps hurtful for the company) grasp on this kind of workloads.Recently, new miners optimized for NVIDIA's Pascal architecture have been making waves in the market, and there's even been a recently-launched NVIDIA-based mining station. There have even been analysts' articles detailing how more efficient NVIDIA cards are in mining, in a purely $/W perspective, even if they aren't the fastest yet. Much like AMD has been reaping the benefits of market and customer recognition for their cards' mining prowess, so does NVIDIA stand to gain, and the soaring shares from the company in the last few days could culminate in the company crossing the $100 billion threshold much sooner than expected.
10 Comments on NVIDIA's Market Cap to Reach $100 billion Soon; Grew ~$25 billion Since May 2017
I don't see anything that can hold Nvidia back at this point.
I don't think that will happen, but what I think will happen is plenty of clouds will be looking at Zen already, and with the demand for GPU compute, will also be outfitting their clusters with GPGPU - and thats where an Nvidia unwilling to sacrifice its margins may get skewered somewhat by an AMD with Vega.
Day Trader hell but let them deal with it. That's what they do.
AMD's GPU's have always been powerful so I think it unlikely Nvidia would be caught off guard. Intel on the other hand (I think again, just my opinion) did not expect to see Ryzen perform as competently as it did and they certainly weren't expecting 'Threadripper' (awful name, sound like a sewing accident). Please note - I dont say Intel are scared! - just caught off guard a bit.
Just my two cents. Could be totally wrong.