Nvidia Emerging As A $2 Trillion-Dollar Company – All Thanks To AI Dominance
Not even a year has passed, Nvidia, the tech company reached the $1 trillion market cap and marked $1.83 trillion which of course makes it 4th most valuable company in the entire world. Nvidia was able to beat Amazon and Alphabet for the spot propelled by its unrivalled dominance in the field of artificial intelligence.
Right 2 days after Nvidia reported its earnings for the 2024 year. In the earnings report, Nvidia revealed the company quarterly revenue increased by 250%. Let’s not forget it made a record-breaking $60.9 billion in revenue last year which was a increase of 125% in comparison to 2022.
Nvidia’s achievement comes with no surprise. As the crypto and PC graphics cards markets have settled down this tech giant has emerged as a leader in the field of AI, becoming a key chip supplier for companies looking to implement artificial intelligence in some capacity. In addition to that, Nvidia is also launching its next flagship AI chip, called The HGX H200, which promises more memory capacity and bandwidth which will allow it to handle “massive amounts” of data for generative AI.
Nvidia joins companies like Microsoft and Apple as the three US-based companies to achieve the $2 trillion market cap. Despite other companies like Microsoft looking to make its own AI chips and relying less on Nvidia, a recent report claims that Nvidia is working on a new $30 billion business unit that will focus on creating custom AI chips for companies.
The meteoric rise of NVIDIA to a $2 trillion valuation underscores the pivotal role that AI will play in shaping the future of this technology. With AI permeating virtually every sector imaginable – Be it autonomous vehicles or healthcare even finance, NVIDIA has positioned itself at the forefront of this technological revolution with its cutting-edge hardware and software solutions to drive unparalleled advancements in AI.
As NVIDIA will continue to push more and more the boundaries of AI technology, one thing that remains crystal clear is; the era of Artificial Intelligence dominance has arrived and NVIDIA as a company stands at the vanguard of this beautiful transformative revolution.
Well, Lets have patience and keep a close eye on this revolutionary journey of Nvedia.