On March 8th, NVIDIA's stock price rose more than 3% to $957.02 per share, with a total market value of $2.32 trillion.
It is worth noting that on March 5th, Nvidia surpassed Saudi Aramco to become the third largest company in the world by market value, only behind Apple and Microsoft. As of now, the total market values of Microsoft and Apple are $3.04 trillion and $2.61 trillion respectively.
In terms of performance, Nvidia's fourth quarter financial report showed sales of $22.1 billion, a year-on-year increase of 265%. Data center revenue increased by 409%, reaching $18.4 billion, and net profit reached $12.29 billion, a year-on-year increase of 769%.
In a conference call after the financial report, Huang Renxun, founder and CEO of NVIDIA, said, "Accelerating computing and generative AI have reached the tipping point. Demand from companies, industries, and countries around the world is surging."
Guojin Securities believes that the accelerated performance of the company reflects the surge in computing power demand from global customers. With the accelerated iteration of large models such as Sora and Gemini1.5, as well as the promotion of commercial applications based on these models, it indirectly confirms that computing power demand is expected to continue after 2024. The company's position as a leading global AI chip manufacturer is stable, and with the development of accelerated computing and AIGC reaching a critical point, the company is expected to continue to benefit.
According to Nvidia's official account, Nvidia will hold the GTC 2024 conference at the San Jose Convention Center from March 18 to 21. The founder and CEO of the company, Huang Renxun, will release the latest breakthrough achievements in the fields of accelerated computing, generative AI, and robotics.
Guotai Junan Research Report believes that GTC, as one of Nvidia's most important annual release platforms, has become a recognized "AI benchmark". This year's GTC is held offline for the first time in five years. The related industry chain is constantly catalyzed by intensive efforts. Tesla has released the latest Optimus walking video, and major giants have gathered the latest financing from Figure AI. It is recommended to continue to pay attention to the core companies in the robot industry chain. 1) Actuators and motors; 2) Reducer; 3) Motor drive control chip; 4) Sensors; 5) Screw type; 6) Screw equipment class.