American processor manufacturer Nvidia entered the elite club of companies with a market value exceeding one trillion dollars on Tuesday. Shares soared after announcing business results on Wall Street that highlighted the payoffs of its commitment to artificial intelligence (AI).
Nvidia was founded in 1993 by Jensen Huang, Chris Malachowsky and Curtis Priem. three-dimensional graphic design It enters the club reserved by the computer for the development of games and multimedia applications, thus mostly reserved for technology companies such as Apple, Amazon or Microsoft.
Over the years, Nvidia, which currently refuses to comment on its entry into the “billionaires” club, has started investing in applications to speed up computers, optimize graphics processing, develop artificial intelligence, or enhance the computer’s capabilities. .
AI, the “new computing age”
Certainly, his dedication to AI has been the source of his recent thrust on the Wall Street Stock Exchange.
“AI is driving change in every industry around the world. As businesses become more and more data-driven, the demand for AI technology is growing (…). This technology AI gives businesses computing powertools and algorithms your teams need to do their life’s work,” the company says on its website.
In Taiwan this weekend, Huang, the company’s current CEO and himself a Taiwanese citizen, insisted that “accelerated computing and artificial intelligence are a reinvention of computing.”
“We are at the crossroads of a new era of computing, with accelerated computing and artificial intelligence being adopted by almost all cloud and computing companies around the world,” Huang said at an event in Taipei where he introduced the DGX GH200. Computer for the development of generative artificial intelligence models.
Results of the first quarter of the year
Shares of Nvidia skyrocketed after announcing a net profit of $2,043 billion on May 24. (1,899 million euros) first trimester With the development of artificial intelligence, the fiscal year increased by 26% compared to the same period of the previous year. Since the beginning of the year, the Movements It’s up 181% from Nvidia.
With this valuation, Nvidia, whose shares increased by 5.6% today, first US processor manufacturer to break this mark.
Nvidia games reaching $411 at 12:00 local time (16:00 GMT), For market capitalizations to continue above $1 trillion, they must stay above $404.86.
In the first three months of the year, the technology company generated revenues of $7,192 million, down 13% from the previous year, but its core business, data centers, remained strong and recorded record revenues.
As the company stated at the time, data centers benefit from increased demand for productive AI and comprehensive language models using processors based on Nvidia’s Hopper and Ampere computing architectures.
“The computer industry is going through two simultaneous transitions: accelerated computing and productive artificial intelligence,” Huang said at the time.
Last May, “As companies rush to implement productive AI in every product, service, and enterprise process, the $3 trillion installed infrastructure of global data centers will shift from mainstream to accelerated computing.”