NVidia

[WickedLester]

I haven't taken too much notice of this company but looked at it today and saw that the market cap was over $2 trillion. I understand they are working on artificial intelligence chips but I was wondering what these would actually be useful for?

[ReformedCharacter]

I haven't taken too much notice of this company but looked at it today and saw that the market cap was over $2 trillion. I understand they are working on artificial intelligence chips but I was wondering what these would actually be useful for?

NVIDIA’s Exclusive Chips for China Now Reported to be Available for Pre-Order, Priced Similar to Huawei Products

https://www.trendforce.com/news/2024/02/02/news-nvidias-exclusive-chips-for-china-now-reported-to-be-available-for-pre-order-priced-similar-to-huawei-products/

Mark Zuckerberg indicates Meta is spending billions of dollars on Nvidia AI chips

https://www.cnbc.com/2024/01/18/mark-zuckerberg-indicates-meta-is-spending-billions-on-nvidia-ai-chips.html

Amazon (AMZN): Building out its AI supercomputing clusters has made Amazon one of the top five Nvidia GPU customers.

https://investorplace.com/2024/03/whos-buying-nvda-gpus-3-stocks-to-buy-in-the-ai-build-out/

etc.

The chips are specifically designed for artificial neural networks. Many AI developers previously used NVidia graphics chips (GPUs), as they are designed for parallel processing which is more suited for developing artificial neural networks, as opposed to general purpose CPUs. I don't know how long NVidia will maintain their current market leading position as other companies, such as Microsoft, are developing their own chips.

RC