Nvidia is on track to become the first trillion-dollar chipmaker, driven by robust sales forecasts and surging demand for its artificial intelligence processors.
Nvidia's recent successes are attributed to the skyrocketing demand for cutting-edge tech across various industries. The firm's H100 processor is in high order by big tech companies and a new wave of AI startups such as OpenAI and Anthropic.
"Our chips and allied software tools are the picks and shovels of a generational shift in AI," said Geoff Blaber, CEO of CCS Insight. "Nvidia provides a comprehensive toolchain that no other company currently matches," he added.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nvidia barrels toward rare $1 trillion valuation after putting a dollar figure on AI boostNvidia Corp. could be within sight of becoming only the seventh U.S. company to top a valuation of $1 trillion after an audacious, AI-charged forecast.
Read more »
Nvidia shares soar nearly 30% as sales forecast jumps and AI boomsNvidia Corp on Wednesday forecast second-quarter revenue more than 50% above Wall Street estimates, and said it is boosting supply to meet surging demand for its artificial-intelligence chips, which are used to power ChatGPT and many similar services.
Read more »
Nvidia CFO on record-breaking forecast: 'The inflection point of AI is here'OPINION: Nvidia CFO Colette Kress tells columnist tpoletti that generative AI is 'the app of all apps' as she predicts record revenue.
Read more »
Flexible solar cells based on foldable silicon wafers with blunted edges - NatureModules of foldable crystalline silicon solar cells retain their power-conversion efficiency after being subjected to bending stress or exposure to air-flow simulations of a violent storm.
Read more »
Nvidia surge boosts Nasdaq futures while debt-ceiling debacle damps DowU.S. stock futures were mixed as Nvidia results boosted tech but debt-ceiling concerns weighed on the Dow.
Read more »