NVIDIA almost worth as much as Intel and AMD combined

Posted on Tuesday, August 18 2020 @ 13:41 CEST by Thomas De Maesschalck

Last month we wrote NVIDIA overtook Intel in terms of stock market capitalization. Since that date, NVIDIA's stock price continued to climb and the company is now close to hitting $500 per share. Basically more than double what the stock was trading for at the beginning of the year.

High anticipation for future revenue growth as well as an overall tech boom have pushed NVIDIA's price/earnings ratio to a very high level.

An interesting observation is that NVIDIA currently has a market cap of $303.5 billion. This compares to $208.1 billion for Intel and $96.77 billion for AMD. Basically, NVIDIA's market cap needs to rise just one more billion and the chip designer is worth as much as Intel and AMD combined!

NVDA stock

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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