Nvidia, often dubbed the world's most important stock, released its third-quarter earnings report on Wednesday, revealing impressive revenue growth and solidifying its position as a market-moving force. While shares remained relatively stable after the report, Nvidia's $3.6 trillion market capitalization now surpasses the economic value of most countries, excluding the US and Japan.
AI chipmaker accounts for 4.3% of MSCI All-Country World Index – more than all countries except the US and Japan
The numbers were predictably impressive. Third-quarter revenues of $35.08 billion were almost twice as high as a year earlier, and comfortably beat analyst estimates of $33.25 billion. Guidance of $37.5 billion was slightly above analyst estimates but below the so-called whisper numbers .
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