After The Increase in the Bitcoins, we are witnessing another surge in the AI based company Nvidia.
- Nvidia Corporation, a tech-based company in Santa Clara, California, founded in 1993.
- Known for its expertise in designing Graphic Processing units, CPUs, and system chip units,
- Nvidia offers a wide range of products and solutions for gaming, professional visualization, data center, and automotive industries.
Nvidia’s strategic partnerships with companies like Cisco and Equinix
And its focus on innovation in AI, gaming, and data center solutions, have contributed to its rapid growth and dominance in the market.
- The Company in 1993 deals in 3D Graphics and Software’s.
- These server AI chips are very costly, and major companies like Microsoft, OpenAI, and Meta requires a high amount of them for their operations.
Nvidia’s stock has seen a massive increase in the past year. Analysts are very positive about Nvidia’s future.
The Future technology based on AI and focus and shift of whole world to Artificial Intelligence playing an important role in this surge.
Company will Announce quarterly earnings on 21st of Feb, with $59.04 billion expected increase in analysts' sales, and expected growth can be 118%
Analysts at Goldman Sachs and Bank of America set an $800 price target for Nvidia’s stock.
The demand for AI technology and the companies involved in it, such as Nvidia, has caused a shift in the rankings of among the world’s most valuable companies.
Nvidia’s market capitalization now surpasses that of Amazon, showing its immense rise in the technology industry and the increasing interest from investors in companies leading the way in AI technology.
Top Reasons Nvidia increased Market Cap
– Nvidia has surpassed Amazon in terms of market capitalization due to the high demand for its AI chips and the overall excitement surrounding AI technology.
– The Increase in Nvidia’s market value can be calculate to the increasing demand for its AI chips, which are important for running advanced AI-driven products like ChatGPT and Copilot.
– These server AI chips can be quite pricey, with each one costing over $20,000
– Analysts have a positive attitude on Nvidia’s future, as they expect the demand for AI will remain strong.
– However, the growing interest from investors in AI technology and the companies involved, like Nvidia, has caused a shift among the world’s most valuable companies.
– Announcement of new advance desktop graphics processors and improvement in AI related software attract the attention of Investors
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