NVIDIA The market value of generative artificial intelligence tools has reached $1 trillion due to increased demand from various tech companies.
Nvidia’s last quarterly earnings report revealed a profit of over $2 billion in three months.
Known for its graphic chips, Nvidia shifted its focus to the data center market over the past few years. The company experienced significant growth during the pandemic due to increased demand for gaming, cloud services, and cryptocurrency mining using Nvidia chips.
jensen huangNvidia’s CEO acknowledged the overproduction of gaming GPUs that forced the company to sell them at lower prices. Nonetheless, in the following report in February, there was a more optimistic outlook due to the buzz surrounding ChatGPT. Huang emphasized the potential growth of Nvidia’s data center, and data center revenue has set a new record.
Following the success of OpenAI’s ChatGPT, tech giants such as Alphabet and Microsoft Also exploring generative AI, data center chips saw a big increase in demand.
In the last quarterly earnings report, Nvidia reported a profit of over $2 billion in just three months.
Nvidia’s chips are important to companies developing AI-based products, making it a major supplier in this area. Huang’s investment in AI is expected to grow further in the near future.
During the Computex 2023 keynote, Nvidia went full on AI. It introduced a new DGX supercomputer featuring the latest Grace Hopper Superchip, which can provide exaflops of AI performance. It featured how the game uses the company’s Avatar Cloud Engine (ACE) to support natural language input and responses.
At the start of today’s trading, Nvidia’s value rose above $400 per share, now worth more than a trillion dollars. This puts chipmakers in the same league Apple And meta, which crossed the trillion-dollar mark in 2018 and 2021, respectively. Other tech giants like Microsoft, Amazon and Google Including Meta Are Also Part of the Trillion-Dollar Club
Nvidia’s last quarterly earnings report revealed a profit of over $2 billion in three months.
Known for its graphic chips, Nvidia shifted its focus to the data center market over the past few years. The company experienced significant growth during the pandemic due to increased demand for gaming, cloud services, and cryptocurrency mining using Nvidia chips.
jensen huangNvidia’s CEO acknowledged the overproduction of gaming GPUs that forced the company to sell them at lower prices. Nonetheless, in the following report in February, there was a more optimistic outlook due to the buzz surrounding ChatGPT. Huang emphasized the potential growth of Nvidia’s data center, and data center revenue has set a new record.
Following the success of OpenAI’s ChatGPT, tech giants such as Alphabet and Microsoft Also exploring generative AI, data center chips saw a big increase in demand.
In the last quarterly earnings report, Nvidia reported a profit of over $2 billion in just three months.
Nvidia’s chips are important to companies developing AI-based products, making it a major supplier in this area. Huang’s investment in AI is expected to grow further in the near future.
During the Computex 2023 keynote, Nvidia went full on AI. It introduced a new DGX supercomputer featuring the latest Grace Hopper Superchip, which can provide exaflops of AI performance. It featured how the game uses the company’s Avatar Cloud Engine (ACE) to support natural language input and responses.
At the start of today’s trading, Nvidia’s value rose above $400 per share, now worth more than a trillion dollars. This puts chipmakers in the same league Apple And meta, which crossed the trillion-dollar mark in 2018 and 2021, respectively. Other tech giants like Microsoft, Amazon and Google Including Meta Are Also Part of the Trillion-Dollar Club