Nvidia Soars to $1 Trillion Market Cap on the Back of AI Hype

Historically, Nvidia has made its money in chips and software, churning out a variety of GPUs and APIs to supply computers across the world with necessary parts and programs. With the need for increased computing power to support new data-intensive programs like ChatGPT, Nvidia isinfrastructure that make AI software even possible.

But the company has also invested in its own automated tools. Over the weekend, the company announced a number of new AI products, including a new “AI supercomputer”—the —that is designed to help companies develop their own large language models like ChatGPT and Google Bard.“We’re now at the tipping point of a new computing era with accelerated computing and AI that’s been embraced by almost every computing and cloud company in the world,” said Nvidia founder and CEO Jensen Huang,in Taiwan on Monday. “DGX GH200 AI supercomputers integrate NVIDIA’s most advanced accelerated computing and networking technologies to expand the frontier of AI,” he proffered.

The industry frenzy over AI is ongoing, even as regulators worry that the technology could upend entire sectors of society. On Tuesday, a cadre of tech industry leaders once again came forward

United States United States Latest News, United States United States Headlines

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

Nvidia on track to hit $1 trillion market cap when market opensNvidia is on track to hit a $1 trillion market cap at the market open Tuesday, buoyed by an AI frenzy and a massive earnings beat.
Source: CNBC - 🏆 12. / 72 Read more »

Nvidia hits $1 trillion market capNvidia hit a $1 trillion market cap at the market open Tuesday, buoyed by an AI frenzy and a massive earnings beat.
Source: CNBC - 🏆 12. / 72 Read more »

Nvidia reaches $1 trillion market value, becoming first chip company to do soThe company's stock rose 4.4% on Tuesday morning and about 25% over the past week. The reason? The demand for AI.
Source: CBSNews - 🏆 87. / 68 Read more »

Nvidia eclipses $1 trillion market capitalization on artificial intelligence boomThe semiconductor company Nvidia crossed the trillion-dollar market capitalization mark, riding an AI-propelled boom to become the fifth company to pass the historic threshold. Nvidia shares rose nearly 6% in morning trading on Tuesday.
Source: dcexaminer - 🏆 6. / 94 Read more »

Nvidia Hits $1 Trillion Market ValueNvidia’s market capitalization surged past $1 trillion for the first time in the chipmaker’s history Tuesday, as the Silicon Valley behemoth rides Wall Street’s artificial intelligence obsession to new heights.
Source: Forbes - 🏆 394. / 53 Read more »