NVIDIA is now larger than Intel

Posted on Wednesday, July 08 2020 @ 18:51 CEST by Thomas De Maesschalck
NVDA logo
It's a historic day for NVIDIA as the company now has a larger valuation on the stock market than Intel! NVIDIA shares hit an all-time high of $406.88 per share today, pushing the stock to a market cap of over $249 billion. Intel shares are trading flat today at $58.28, resulting in a market cap of $246.80 billion.

In terms of revenue, Intel is still quite a bit larger than NVIDIA. In the most recent financial quarter, NVIDIA earned non-GAAP net income of $1.12 billion on revenue of $3.08 billion. Intel on the other hand earned $6.2 billion on revenue of $19.8 billion.

NVIDIA's shares have gained roughly 70 percent since the start of the year and have skyrocketed over twenty-fold over the past five years.

Investors are bidding up NVIDIA on optimism about GPU demand. In case you're wondering, AMD currently has a market cap of just under $62 billion.

NVDA stock performance

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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