Nvidia, a prominent computer chip designer, saw its stock prices skyrocket this week, nearly bringing the company’s valuation to the trillion-dollar mark.
Nvidia’s total net worth
Nvidia’s total worth has reached an impressive $939.3 billion, thanks to a 24% increase in its stock price. This valuation exceeds that of Tesla ($584.7 billion) and Facebook ($647.6 billion).
Nvidia is now one of the most valuable companies in terms of market capitalization, trailing only Apple, Google, Microsoft, Amazon, and Saudi Aramco, the Saudi state oil giant.
The release of Nvidia’s latest quarterly results, which were made public in the latter part of Wednesday, triggered this significant upswing.
The company revealed plans to increase chip production in order to meet the market’s increasing demand. It has successfully established its dominance in the field of artificial intelligence (AI) chips.
Following the public debut of ChatGPT in November, the sector experienced an unprecedented surge in enthusiasm, extending its impact far beyond the confines of the technology industry.
ChatGPT has grown in popularity as an AI application, assisting with tasks as diverse as speechwriting, computer programming, and even culinary endeavors.
The foundation for all of these accomplishments, however, is solid computer hardware, with a special emphasis on cutting-edge computer chips developed by Nvidia, headquartered in California.
Initially known for producing computer chips primarily used for graphics processing, particularly in computer gaming, it has now become a critical component of the majority of AI applications.
ChatGPT training required extensive use of graphics processing units (GPUs). Specifically, 10,000 of these GPUs were deployed and clustered together within a Microsoft-owned supercomputer.
It’s just one of many supercomputers built with company’s hardware. The American chipmaker currently controls approximately 95% of the GPU market for machine learning.
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