Ten years ago, Nvidia was a successful graphics card company, with a pretty impressive market capitalisation of $10 billion. Now, thanks to huge revenue and profits, all driven by the tech world's desire to have everything and everyone infused with AI, Nvidia's share prices have reached such a point that its
At the time of writing, Microsoft's shares sell for around $420, whereas Apple's are roughly half that figure. Nvidia, though, is deemed so valuable right now that buying just. These are monstrously huge and expensive processors designed to handle the billions of calculations required for AI training and inference.
It's not just about revenue, though, as AMD will tell you. It took over $5.5 billion in revenue in the first quarter of this year but only saw a net income of $1 billion. For the same period, Nvidia's net income was a little under $15 billion fromProfits alone aren't the only reason why Nvidia is now deemed the second most valuable company in the world.
Artificial intelligence might not be making much of a difference to your life at the moment but for Nvidia, it's the road to becoming the most valuable company in the world.
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Source: TheEconomist - 🏆 6. / 92 Read more »