Thursday, 22 February 2024 03:01

Nvidia Reports Staggering Profit Growth

Written by Bobby Anhalt
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Nvidia reports staggering revenue numbers that have skyrocketed the tech giant into one of the most profitable companies in the world.

Nvidia is reporting a staggering 769% annual profit gain, which has led to its shares rising by more than 16% in the last day. The company's rapid growth has been nothing short of extraordinary. For context, Nvidia started 2023 valued at $350 billion. Now, it's worth just south of $2 trillion. Nvidia recently passed Amazon, and now trails only Microsoft and Apple as the third most valuable publicly traded company. Not to mention, Nvidia's success has caused the company's CEO Jensen Huang to skyrocket up the list of the world's richest people.

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