Nvidia is close to regaining its status as the world’s most valuable company

In June of this year, Nvidia already managed to briefly become the world’s largest company by capitalization, and yesterday’s rise in the share price to a record $138.07 per share again brought it closer to this status. Nvidia is now only $130 billion behind the leading Apple with its $3.52 trillion capitalization. Nvidia is reportedly secured with orders for Blackwell for the next 12 months.

Image source: NVIDIA

This statement was made the day before by representatives of Morgan Stanley, who had previously met with Nvidia management to discuss the current state of affairs in the business. The head and founder of the company, Jensen Huang, emphasized that Blackwell generation chips are now being produced in mass quantities, and the demand for them is reaching “crazy heights.” At a quarterly event in August, Nvidia management expressed confidence that the company will manage to generate several billion dollars in revenue from sales of Blackwell generation accelerators this fiscal year.

Nvidia’s fiscal year ends at the end of January, and analysts surveyed by Bloomberg expect the company’s revenue to more than double to $126 billion and grow another 44% next year. Investors’ confidence was added by yesterday’s forecasts about TSMC’s ability to increase net profit in the third quarter by 40%. This Taiwanese company is a contractor for Nvidia in the production of chips for computing accelerators, which form the main revenue of the second of them. Morgan Stanley analysts also expressed confidence that by the end of 2025, Nvidia will increase its share in the AI ​​accelerator market. The shortage of HBM3E chips will not be a reason for the slow expansion of Blackwell accelerators, as Nvidia representatives expressed confidence in Samsung’s ability to join two other suppliers of such memory for its needs.