Nvidia Overtakes Amazon in Market Cap: Kim Kardashian Weighs In

Nvidia Leaves Amazon in its Dust

Well well well look who's the new kid on the block! Nvidia my darlings has officially overtaken Amazon in market capitalization. It's all about the demand for semiconductors and those fancy AI chips. Nvidia closed at a staggering $721.28 per share while Amazon had to settle for a mere $1.75 trillion market cap. Guess big tech isn't everything huh?

From Gaming Graphics to AI Power

Here's a little throwback for you: in 2002 Nvidia was all about those gaming graphics cards. But my my have they come a long way! Now they're in the business of producing server AI chips that cost a pretty penny over $20,000 each to be precise. And guess who needs thousands of them? Companies like Microsoft OpenAI and Meta. It's like they just can't get enough of Nvidia's AI magic!

Amazon Holding its Ground

Hold up Amazon fans! Don't worry your beloved e commerce giant isn't going down without a fight. They recently reported better than expected quarterly earnings showing that they've managed to cut down on expenses. Layoffs are never fun but hey it seems to have worked in Amazon's favor. Their shares have jumped about 78% in the last year. Looks like the shuffle among the world's most valuable companies is far from over.

A Game of Capitalization Chess

The tech world is like a game of chess and the most valuable companies are the kings and queens on the board. Just last month Microsoft swooped in and stole Apple's crown as the most valuable U.S. company. And now Nvidia is strutting its stuff and showing Amazon who's boss. I can't wait to see what move comes next. It's like a never ending drama filled with AI chips and market cap battles!

Earnings on the Horizon

Mark your calendars folks! Nvidia will be revealing its quarterly earnings on February 21st. Analysts are expecting a jaw dropping 118% annual growth in sales reaching a mind boggling $59.04 billion. That's a whole lot of moolah even for someone like me. I guess the AI craze is definitely paying off for Nvidia.

The Race to a Trillion

Berkshire Hathaway recently hit a mind blowing $600,000 per share and they're eyeing that glorious $1 trillion market value. It's like a race to see who gets there first! Will Nvidia take the crown or will Amazon come thundering back? Only time will tell my loves. Buckle up and get ready for some market cap excitement!