Nvidia just showed the world it's the AI king now

It sure seems like Nvidia is the king of AI right now.Since the start of the AI boom, the Santa Clara-based tech giant has gone on an outrageous growth journey as the rest of the tech world has come to its door begging for chips, known as GPUs, to power their AI ambitions.Here are some numbers for context. Nvidia began 2023 worth $350 billion, and ended it at $1.2 trillion. At the start of the week, it stood at $1.8 trillion. You can do the math.Here's another way of looking at it.

Supply chain issues triggered during the pandemic have had a knock-on effect on production — issues that are yet to be fully resolved.As a result, companies have been scrambling to get their hands on Nvidia's chips as fast as they can to make sure they have enough computing power to power their AI applications, and get an edge over competitors.There is reason to question just how long this crazed run for the stock can last.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nvidia rally is fueling FOMO in the overall market, Evercore's Julian Emanuel warnsEvercore ISI's Julian Emanuel finds clients are more worried about being underinvested than overexposed right now.
Source: CNBC - 🏆 12. / 72 Read more »

US Earnings Preview: What to Expect from NVIDIA ResultsFor NVIDIA to sustain its lofty share price, it's imperative that the company's results meet Wall Street's expectations.
Source: DailyFX - 🏆 305. / 63 Read more »

​​How Nvidia’s Investment Arm Is Supercharging A New Class Of AI StartupsI'm a Forbes technology reporter and senior writer based in San Francisco. Send me tips at rnievaforbes.com or richardnievaprotonmail.com.
Source: ForbesTech - 🏆 318. / 59 Read more »

Goldman Sachs lifts S&P 500 target to 5,200, with Big Tech doing heavy liftingForecast comes ahead of crucial Nvidia earnings this week
Source: MarketWatch - 🏆 3. / 97 Read more »