Nvidia, long known in the niche gaming community for its graphics chips, is now the most valuable public company in the world.
Shares of the chipmaker climbed 3.2% in mid-day trading on Tuesday, lifting the company’s market cap to $3.33 trillion, surpassing Microsoft. Earlier this month, Nvidia hit a $3 trillion market cap for the first time, and passed Apple.
[...]
Nvidia has about 80% of the market for AI chips used in data centers, a business that’s ballooned as OpenAI, Microsoft, Alphabet, Amazon, Meta and others have raced to snap up the processors needed to build AI models and run increasingly large workloads.
For the most recent quarter, revenue in Nvidia’s data center business rose 427% from a year earlier to $22.6 billion, accounting for about 86% of the company’s total sales.
[...]
Nvidia is a newcomer to the title of most valuable U.S. company. For the past few years, Apple and Microsoft have been trading the title.
Nvidia’s ascent has been so rapid that the company has yet to be added to the Dow Jones Industrial Average, a benchmark of 30 stocks that’s historically included the most valuable U.S. companies. Alongside its earnings release last month, Nvidia announced a 10-for-1 stock split, which went into effect on Jan. 7.
https://www.cnbc.com/2024/06/18/nvidia-passes-microsoft-in-market-cap-is-most-valuable-public-company.html
Shares of the chipmaker climbed 3.2% in mid-day trading on Tuesday, lifting the company’s market cap to $3.33 trillion, surpassing Microsoft. Earlier this month, Nvidia hit a $3 trillion market cap for the first time, and passed Apple.
[...]
Nvidia has about 80% of the market for AI chips used in data centers, a business that’s ballooned as OpenAI, Microsoft, Alphabet, Amazon, Meta and others have raced to snap up the processors needed to build AI models and run increasingly large workloads.
For the most recent quarter, revenue in Nvidia’s data center business rose 427% from a year earlier to $22.6 billion, accounting for about 86% of the company’s total sales.
[...]
Nvidia is a newcomer to the title of most valuable U.S. company. For the past few years, Apple and Microsoft have been trading the title.
Nvidia’s ascent has been so rapid that the company has yet to be added to the Dow Jones Industrial Average, a benchmark of 30 stocks that’s historically included the most valuable U.S. companies. Alongside its earnings release last month, Nvidia announced a 10-for-1 stock split, which went into effect on Jan. 7.
https://www.cnbc.com/2024/06/18/nvidia-passes-microsoft-in-market-cap-is-most-valuable-public-company.html
i feel like nvidia, even if the AI bubble doesn't immediately burst, is still not gonna have a great time coming considering how the industry is already realizing massive GPU farms aren't sustainable and instead adding NPUs and just simpler models
that said the bubble bursting feels like an inevitability, the useful featureset of genAI is tiny and mostly boils down to "it can write things for you" and "it can make uncanny pictures". it's likely those will die out and instead we'll return to how transformer models have been used for a while now -- more applied purposes like translation, transcription, etc
that said the bubble bursting feels like an inevitability, the useful featureset of genAI is tiny and mostly boils down to "it can write things for you" and "it can make uncanny pictures". it's likely those will die out and instead we'll return to how transformer models have been used for a while now -- more applied purposes like translation, transcription, etc
I am an avid tracker of stock news and worth, I have sharply been tracking nvidia's value for the past year ever since october 2022 the company has seen an amazing 200% increase since then. Typically how these scenarios work is if the sentiment is still opposite of the stock movement the bubble will keep chugging along until everyone is tired of trying to short an overvalued company. Even though the earnings do reflect a growth in the company, the forward projections are not sustainable and eventually it will come back to reality. The amount of time it takes is arbitrary, but these runs tend to last longer than people can remain solvent. The trend is your friend as they say.
