“It may seem like a very big number,” he told CNN, but the company has big, global ambitions and needs a lot of expensive computing power to see that through, he said. The blowout deal is just one example of the feverish excitement surrounding the potential of “generative” artificial intelligence — which can create original text, images and other content in response to prompts from users — to generate whopping returns for investors.
Its stock has soared by 207% since the start of the year. But Nvidia’s stock has also traded on a price-to-earnings ratio — a measure of whether a share is over- or undervalued — of 237 over the past 12 months. The higher the ratio, the more likely a stock is overvalued. For comparison, companies on the S&P 500 have traded on an average ratio of 24 over the same period. While Nvidia is profitable, C3.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
TSMC says skilled worker shortage delays start of Arizona chip production | CNN BusinessShares of Taiwan Semiconductor Manufacturing Co slumped more than 3% Friday after the world’s largest contract chipmaker flagged a 10% drop in 2023 sales and said production due to start next year at its first plant in Arizona would be delayed.
Source: cnni - 🏆 326. / 59 Read more »
How much it costs to watch Messi's US debut on TV | CNN BusinessWatching Leo Messi’s expected US debut on TV won’t cost as much as seeing it in person, but it’s not free.
Source: CNN - 🏆 4. / 95 Read more »
New Jersey sues over New York City's congestion pricing plan | CNN BusinessNew Jersey is suing to stop New York City’s landmark congestion price plan to charge drivers entering downtown Manhattan.
Source: CNN - 🏆 4. / 95 Read more »
OpenAI's head of trust and safety is stepping down | CNN BusinessOpenAI’s head of trust and safety announced on Thursday plans to step down from the job.
Source: CNN - 🏆 4. / 95 Read more »
Visa and Mastercard can now be used on China's biggest payment apps | CNN BusinessVisiting China just got a whole lot easier for international travelers.
Source: cnni - 🏆 326. / 59 Read more »
Walkouts and strike threats: Europe's outdoor workers struggle under the blistering heat wave | CNN BusinessAs swaths of southern Europe continue to swelter under a deadly heat wave, for many outdoor workers, it’s turning into a brutal endurance test.
Source: cnni - 🏆 326. / 59 Read more »