The company’s custom AI chips are in high demand and are valued above $1 trillion for the first time. Guard.
Chip maker Nvidia generated $13.5 billion in revenue, significantly exceeding quarterly expectations; that was $2 billion more than Wall Street analysts had estimated. They estimated an amount of $11.2 billion, and all this in an environment where the demand for computer chips used in artificial intelligence (AI) systems is growing rapidly.
Nvidia, a company that has been around for 30 years, is one of the biggest winners of the artificial intelligence boom and is currently valued at more than a trillion dollars. Its chips are used in nearly every major AI application in the world, including ChatGPT.
Unlike some of its competitors, such as Intel, Micron Technologies, and Advance Micro Devices (AMD), Nvidia has devoted most of its investment and effort to developing chips that can power artificial intelligence systems, rather than just investing in gaining market share in the space. . For example, we are talking about chips for data processing centers.
Productive AI systems need massive computing power, which requires specialized chips that can perform specific tasks and calculations. According to the Financial Times, high demand has led to shortages of these chips; existing stocks have been purchased by many major organizations and countries, including Saudi Arabia and the United Arab Emirates (UAE).
This vulnerability has been a boon for Nvidia. Few companies are as experienced in developing these custom chips as the Santa Clara, California-based company that started operations in 1993 and has established itself as a manufacturer of computer chips for video games.
Previously reportedMost Russians said that his password could be cracked in just a minute.