The Nvidia the market value of its shares, if only temporarily, crossed the $1 trillion mark last Tuesday. This significant milestone is the company the popularity of its video cards next to the for artificial intelligence (MI) was made possible by the development of connected technologies.

In recent years, Nvidia has become a dominant player in the field of AI development. The computing capacity of the GPUs developed by them is essential for deep learning processes and various AI applications. Nvidia’s GPUs make a significant contribution to technology-related research, machine learning, and so on for self-driving cars for the development of necessary technologies.

Nvidia’s shares have shown huge growth over the past few years, due to the advancement of AI technologies and the increasingly digitized world, the demand for the company’s GPUs is also increasing. By reaching the milestone on Tuesday, the company became a member of a narrow elite club, where it could line up alongside Apple, Microsoft and Amazon, alongside Google. Meta also belonged to the group of billion-dollar companies, but the A blunder with the Metaverse cost Mark Zuckerberg a lot of money.

However, the club membership proved to be reluctant for the time being, as already on Monday, at the close of the stock market the value of the company was “only” 992 billion dollars. They have no reason to be sad, as they made a profit of more than two billion dollars (!) in the last business quarter.

Company manager Jensen Huang is likely to have quite chaotic months behind him. The CEO of Nvidia previously said that they simply produced too many GPUs intended for gamers, which they should (should) have sold at a lower price. However, with the explosion of ChatGPT, the company was able to register an amazing growth in terms of demand for their data centers, and the resulting revenues soon began to beat previous records.

By the way, the officials of Nvidia are currently taking place Computex 2023 during the keynote at its opening, it was revealed that the company is preparing to present a whole series of developments related to AI technology, such as their Avatar Cloud Engine, which supports natural language commands and responses in video games, or the DGX GH200 supercomputer, which is the company’s It is based on Grace Hopper’s Superchip, which promises exaFLOPs of performance for applications related to artificial intelligence.

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