Nvidia shares rise, and its value already exceeds that of Meta, which does not stop falling

The recent drop in Meta shares had an effect that not many expected: Nvidia he positioned himself as the seventh most valued company in the US market., above the former Facebook.

Nvidia now worth more than the social media giant Meta. In an incredible turn of events, the hardware developer it has become the seventh largest company in the US., despite not being even close a few years agoand helped by the recent collapse of Meta’s share price, caused by accumulated bad reputation, and poor management decisions.

Let us remember that the depreciation in value of the former Facebook was not a joke: The 30% drop in share value decreased total stock value, or market capitalization, to only 615.70 billion dollars totala loss in assets of about 260 billion dollars relative to its original valuation in early February.

Everything that goes up must come down. Everything that goes down, goes up.

comparatively, Nvidia’s current market value is about $657 billion, for now. We will see if this influences the value of its shares, which may have an initial rebound, accentuated by the enthusiasm of the markets.

Although Meta could rise from the ashes soon, just as Nvidia itself managed to rebound after its low period in early January 2022, overcoming the bad news for the failed purchase of Armthe UK-based chip designer, for $40 billion, and that caused some value to be lost in the price of its shares in the following days.

But it’s clear that that blow has not made a dent in the Nvidia headquarters in Santa Clarasince now it’s back up to about $260 (in value per share). This supposes an increase of more than 40% from its lowest point this year, and just under 22% from its all-time high of $334.

The company quickly recovered from the blows suffered and rebounded considerably

How do I overcome this bad drink Nvidia? Well, the truth is that the company commanded by Jen-Hsun Huang, raised a large amount of capital in its last quarter of fiscal year 2021. It hasn’t yet filed its year-over-year report and earnings release though, though it probably will by the end of this month.

The figures would indicate 50% more year-over-year revenue, 91% more operating income, 84% more net income, huge margin gains, and sizeable increases in their dividends. The demand for GPUs has done nothing but increase systematically and Nvidia has access to an assured supply of chips.

This is great for Nvidia, though not so great for PC gamers who can’t afford a near-reasonable graphics card. today. Without going any further, the prices of an Nvidia Geforce RTX 3080 were around $1,300 on E-Bay at the end of January, and according to analyst data, the price would only continue to climb and we all know the reason for this: Damn miners.

And you, what do you think of Nvidia and its new position above Meta in the stock market?