Russia Today on Nostr: Nvidia Joins The Trillion-Dollar Club With The Rise Of AI On Tuesday, Nvidia Corp ...
Nvidia Joins The Trillion-Dollar Club With The Rise Of AI
On Tuesday, Nvidia Corp (NVDA.O) became the first chipmaker to hit a trillion-dollar market value. The company has historically led in AI chips that power chatbot sensation ChatGPT and many other applications.
The latest surge in Nvidia equities that pushed the company beyond the trillion-dollar mark followed its revenue forecast last week that exceeded estimates by more than 50%. By comparison, the second biggest chipmaker in the world - Taiwan Semiconductor Manufacturing Co Ltd - is valued at about $535 billion.
Analysts, Nvidia's AI chip companies have a good chance of growing, as the AI generative technology is still in its infancy and should be widely adopted in the coming years.
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On Tuesday, Nvidia Corp (NVDA.O) became the first chipmaker to hit a trillion-dollar market value. The company has historically led in AI chips that power chatbot sensation ChatGPT and many other applications.
The latest surge in Nvidia equities that pushed the company beyond the trillion-dollar mark followed its revenue forecast last week that exceeded estimates by more than 50%. By comparison, the second biggest chipmaker in the world - Taiwan Semiconductor Manufacturing Co Ltd - is valued at about $535 billion.
Analysts, Nvidia's AI chip companies have a good chance of growing, as the AI generative technology is still in its infancy and should be widely adopted in the coming years.
Follow on https://obo.sh/@russiatoday **rt**
#russia #news #freedom