Et was a rule that seemed set in stone in recent years: The seven big tech stocks – Apple, Microsoft, Alphabet, Amazon, Nvidia, Tesla and Meta – usually occupy the same places in the list of the most valuable listed ones company. As a rule, Microsoft and Apple are ahead of Alphabet and Amazon, which in turn are ahead of Nvidia. But recently that has changed. Nvidia continues to set new records and beat analysts’ forecasts. The company has now overtaken Amazon and Alphabet as the third most valuable company in the USA. The share price is currently 65 percent higher than at the beginning of the year and has almost tripled within a year.
The latest quarterly figures were once once more a series of superlatives. Nvidia reported sales of $22.1 billion, exceeding analysts’ expectations, who on average had only expected $20.6 billion. Last year the company only generated $6.1 billion, meaning sales almost quadrupled. But sales aren’t everything: the business is also highly profitable. Net profit rose from $1.4 billion in the previous year to $12.3 billion. In the 2024 financial year, which ended in January 2024, the group achieved a net margin of 49 percent – no other tech group can keep up.
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