Nvidia's Market Cap Rises Above Intel's
takyon writes:
Nvidia overtakes Intel as most valuable U.S. chipmaker
Nvidia has for the first time overtaken Intel as the most valuable U.S. chipmaker.
In a semiconductor industry milestone, Nvidia's shares rose 2.3% in afternoon trading on Wednesday to a record $404, putting the graphic component maker's market capitalization at $248 billion, just above the $246 billion value of Intel, once the world's leading chipmaker.
[...] Despite Nvidia's meteoric stock rise, its sales remain a fraction of Intel's. Analysts on average see Nvidia's revenue rising 34% in its current fiscal year to $14.6 billion, while they expect Intel's 2020 revenue to increase 2.5% to $73.8 billion, according to Refinitiv.
Reflecting investors' optimism about Nvidia's future profit growth, its shares are currently trading at 45 times expected earnings, while Intel's trade at 12 times expected earnings.
TSMC and Samsung are more valuable than Nvidia.
In other news, Elon Musk is worth more than Warren Buffet.
Also at EE Times.
See also: Where did it all go wrong for Intel?
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