(News Bulletin 247) – Hailed for its publication that exceeded expectations, the specialist in graphics processors reached a new historical record on the stock market with a share which passed above the symbolic threshold of 1,000 dollars.

This is a new session that promises to be historic for Nvidia. The title of the graphics processor giant is currently increasing by 8% this Thursday on Wall Street, reaching the symbolic mark of 1,000 dollars at the opening to 1,018.36 dollars.

The markets welcome the excellent publication of the American company. The graphics chip giant once again amazed investors with quarterly results above expectations, and announced prospects that were also appreciated by the markets.

The group dominates the market for graphics chips essential for generating advanced tasks and applications in artificial intelligence. Microsoft and Google are therefore equipping themselves with thousands or even tens of thousands of Nvidia A100 graphics processors (GPUs) in their data centers to develop and train their conversational robots, ChatGPT and Bard respectively.

Thanks to this jump in the title this Thursday, Nvidia gains at this stage $191 billion in capitalization compared to Wednesday evening ($2,335 billion). This allows it to comfortably occupy third place among global large capitalizations, behind Microsoft and its $3,215 billion and Apple ($2,918 billion).

Even higher?

For the moment, we are a long way from the euphoria that won over the issue last February. The stock jumped 16.40% on Thursday, February 22, also after results surpassing market expectations. And for Nvidia, any stock market movement necessarily amounts to tens or even hundreds of billions of dollars.

This historic rise in the stock had in fact made it possible to gain 277 billion dollars in capitalization, which is more than the value of all of L’Oréal’s shares in Paris. And it was also a record on Wall Street in one session, erasing the precedent of Meta which had seen its stock market value jump by 196 billion dollars a few weeks earlier.

But analysts see even further ahead for Nvidia despite a 107% increase in the stock since the start of the year. Their price target is $1,119.61 versus a current price of $1,018.64, a gap of 10%, according to Investing.com compiling the opinions of 65 analysts.

Prospects which will delight current investors but also future shareholders who wish to board the Nvidia rocket. On the sidelines of its annual results, Nvidia announced a division by ten of its shares with a view to making its title “more accessible to employees and investors”.

On Wall Street, the Nasdaq, the flagship index of technology stocks, benefits from Nvidia’s stock market momentum and opens up 1%.