"Nvidia's AI Dominance Propels Market Value to $2 Trillion, Joining Elite Club"
TL;DR Summary
Nvidia, known for gaming and graphics GPUs, has reached a $2 trillion market valuation, becoming the first chipmaker to do so. The company's quarterly revenue increased by 265%, reaching a record-breaking $60.9 billion last year, largely due to its dominance in AI and upcoming launch of the HGX H200 AI chip. Despite competition and market shifts, Nvidia is working on a new $30 billion business unit to create custom AI chips for companies, solidifying its position in the industry.
- Nvidia Is Now a $2 Trillion-Dollar Company Thanks to AI Dominance IGN
- Nvidia CEO Jensen Huang Is Powering the AI Revolution WIRED
- Moon landing: Odysseus marks first US landing in over 50 years The Associated Press
- Nvidia’s market value briefly catapults to $2 trillion CNN
- 1 Unstoppable Stock Set to Join Apple and Microsoft in the $2 Trillion Club in 2024 The Motley Fool
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