Nvidia NVDA earnings will be released tomorrow.
When it comes to profits, NVDA now makes up a whopping 6.6% of the S&P 500 index.
Since the launch of ChatGPT in November 2022, that share has grown FIVEFOLD.
For comparison: before ChatGPT, Nvidia’s market cap was $290 billion, and now the company is valued at $3.1 trillion, just $200 billion shy of its peak in July.
Since the release of ChatGPT, the stock has surged by more than 1000%.
Tomorrow, Nvidia’s quarterly revenue is expected to grow by 112% compared to the same period last year, reaching $28.7 billion.
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