"The Sprint to Semiconductor Supremacy Nvidia's ascent traces back to its dominance in graphics processing units (GPUs), essential for gaming, data centers, and now artificial intelligence. The AI boom, sparked by generative models like ChatGPT, has turned Nvidia's chips into the backbone of the tech revolution. Demand for its H100 and Blackwell GPUs shows no signs of slowing. In its latest quarter, Nvidia reported revenue of $46.7 billion, up 56% from the prior year, with data center sales alone hitting $41.1 billion."
"Nvidia ( NASDAQ:NVDA ) crossed a historic milestone this week, becoming the first company to reach a $4.5 trillion market cap. This feat not only cements its position as the world's most valuable publicly traded stock but also highlights the transformative power of artificial intelligence (AI) in reshaping global markets. NVDA stock closed at a value that propelled the total to $4.53 trillion, edging out competitors like Apple ( NASDAQ:AAPL ) and Microsoft ( NASDAQ:MSFT )."
Nvidia reached a $4.53 trillion market capitalization after shares surged on intense demand for AI chips and strong quarterly results. Trading volume rose and analysts lifted targets amid a 39% year-to-date gain, pushing investors to consider a $5 trillion milestone within months. The company's dominance stems from GPUs for gaming, data centers and AI, with H100 and Blackwell models driving demand. Quarterly revenue hit $46.7 billion, a 56% increase, and data-center sales were $41.1 billion. Partnerships with AWS and Google Cloud support deployment. The CUDA ecosystem and customer lock-in create a competitive moat versus AMD and Intel.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]