Nvidia and its Relationship with the Artificial Intelligence Market

Most likely, you’ve already heard about Nvidia, right? And it’s not for nothing, as the company is currently the largest manufacturer of processors for Artificial Intelligence applications. Furthermore, it recently joined the group of corporations worth over $1 trillion, alongside big tech companies like Amazon, Microsoft, and Apple.

But why this exponential growth? It’s simple: due to the high demand for computer graphics cards, investors are eyeing opportunities when choosing where to invest their money.

Not only that, but we also need to consider the boom that Artificial Intelligence technology has experienced in recent months, particularly due to ChatGPT. In other words, everything influences the decision-making process. Just to give you an idea, since the beginning of 2023, the company’s shares have risen by 160%.

In today’s article, we present some data about Nvidia and reflect on how AI is driving the market in general. Check it out!

The Nvidia Story

Founded in 1993 in California by Jensen Huang, Nvidia initially operated in the market as a developer of multimedia cards. At the same time, the company helped establish a new market: Graphic Processor Units (GPUs), which made 2D and 3D image performance more accessible.

The gaming industry was the area that benefited the most from GPUs, but various others started using the technology, such as healthcare, energy, IoT, and, of course, AI.

Some Nvidia and CEO Data

According to Forbes magazine, Huang’s wealth increased by around $6.5 billion in just one day. The Nvidia CEO’s fortune reached $27.5 billion in May, nearly double what it was at the beginning of the year, which was $13 billion.

This increase is related to the first-quarter report of the technology company, which showed that revenues exceeded the market’s expectations by 10%. The standout in the balance was the data center sector, which achieved a total revenue of $4.28 billion.

Nvidia’s Importance to the Market

Nvidia is a reference in data processing, Deep Learning, and Neural Networks. Therefore, the company has been in high demand for projects that require large-scale data analysis, such as cancer research and cryptocurrency mining.

By entering the trillion-dollar club, the company only reinforces the importance of Artificial Intelligence in the market. Furthermore, due to the investment it made in a market that didn’t even exist before, other sectors have been able to grow as well, such as the gaming industry.

Staying up to date in the technology sector is essential for your company to remain competitive. And you know that when it comes to technology, NextAge understands it!

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