The actions of Nvidia came to rise 12% this Thursday, leading a manufacturer of chips to be valued at nearly $1 trillion on expectations that companies inject billions of dollars into the so-called “metaversos“.
Nvidia shares are on a rising tide, especially after the Facebook, which changed its name to Meta, announced the information plan at the end of October, with the aim of building a metaverse around their social networks.
On Wednesday, Nvidia projected positive results for the fourth quarter, betting on the growth of its chip supply operation for artificial intelligence and metaverses.
The company’s shares have more than doubled this year and the company’s valuation topped $800 billion on Thursday, leaving behind rivals Intel and AMD.
At 4:24 pm, Nvidia shares had gained 8%, while Intel shares were down 1.6% and AMD shares had gained 1.4%.
However, some analysts remain cautious about the value placed on Nvidia as the company consolidates its position as the seventh most valuable US company.
The RoundHill Ball Metaverse ETF, which tracks companies benefiting from the metaverse, rose 1.7% to a record high.
The ETF, which has Nvidia as the biggest weight, has accumulated a high of more than 20% since it reached its low on October 4th.
Analysts at Wells Fargo said Nvidia’s comments reinforced the positive thesis they have about the company’s positioning and strategy to become a platform that enables the creation of metaverses.
Reference: CNN Brasil
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