This artificial intelligence (AI) has become a golden opportunity for big tech companies. giants like Microsoft, Google anyone Aim They’ve been locked in a frenzied corporate race for months to be the first to conquer a market that could be worth over $165,000 million this year. However, rapid deployment of tools such as ChatGPT It wouldn’t have been possible without another company that is less well known and benefited from positioning itself as the company that benefits most from the industry’s driving force.
about nvidia and is not responsible for its products. AI appearing on stage, but technology this keeps them up. This American company is responsible for the design of the vast majority of computers. semiconductors functions as the brains of these systems. Without graphics cards, instructional language models similar to those used by ChatGPT would be much more expensive or slower. Although companies like Intel are trying to enter this market, Nvidia has no competition in the development of education chips. machine learning and deep. All of this has made the company a world leader in artificial intelligence hardware and software, the first and indispensable piece to shape the industry’s goals.
rising value
Its strong position was justified this Thursday. Movements It went over 25%. In the hours of a trading session, Nvidia “earned” $190,000 million; revaluation obtained in one day by a US company. With all this, the company reached a market capitalization of approximately $945,000 million. Despite its name less media, Nvidia is a tech giant in every way: it’s already the fifth most valuable American company and the sixth company worldwide.
The increase recorded in the last hours is due to the improved results of analysts’ expectations. In the quarter that ended in April, Nvidia generated $7.2 billion in revenue, 13% less than last year, but much higher than anticipated. Wall Street.
If the 1,000 million barrier was crossed, Nvidia would only join a special club that included: viewMicrosoft, Saudi Aramco oil company, alphabet (Google) and Amazon. Its capitalization nearly doubles the capital of the Taiwanese, the second most powerful chip company. TSMC, responsible for the production of these strategic parts. Looking at its evolution in the stock market, it seems clear that it is the stock market that has benefited the most from the emergence of AI. The company’s shares so far in 2023 are far from a revaluation of Meta’s 104%, Alphabet’s 39.4%, Apple’s 38.4%, Microsoft’s 35.5% and Amazon 33.9% somehow increased by 170%.
While there are other companies that dominate the covers with the announcements of their new products, “Nvidia is the only company that makes money,” said semiconductor industry analyst Alan Priestley at technology consultancy Gartner. “The biggest tech player making this new thing called AI possible.”