Chipmaker Nvidia is probably the most helpful firm on the inventory alternate because of AI hype

EPANvidia-topman Jensen Huang

NOS Nieuws•gisteren, 20:03

Nvidia, an American chip producer specializing in video playing cards, is probably the most helpful firm on the planet on the inventory alternate for the primary time. The corporate is now value 3,100 billion euros, leaving large names akin to Apple and Microsoft behind. It’s the subsequent milestone within the firm’s fast progress.

The demand for Nvidia’s merchandise has been extraordinarily excessive for a while. This has the whole lot to do with the foremost developments within the area of synthetic intelligence (AI). Purposes akin to chatbot ChatGPT but additionally picture generator Midjourney require a whole lot of computing energy from computer systems.

Nvidia makes so-called GPUs, which stands for graphics processing unit. These are ideally suited to doing these heavy calculations.

27 billion euros in revenue

That success is clearly mirrored within the firm’s monetary outcomes. In 5 years, turnover has elevated six instances: final yr it amounted to 56 billion euros. The revenue was 27 billion euros. Round this time final yr, the inventory market worth exceeded 1 trillion euros for the primary time. That was already an enormous milestone.

Since then, issues have gone very quick and a yr later the worth has exceeded 3,000 billion euros. There are solely two different firms on the planet which have reached that stage: Apple and Microsoft. Two very well-known names, for many years. That doesn’t apply to Nvidia.

The corporate was based in 1993 in an American diner, Denny’s. Among the many three founders was Jensen Huang, who continues to be on the helm of the corporate.

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