The artificial intelligence (AI) has become a golden opportunity for large technology companies. giants like Microsoft, Google either Goal They have been locked in a frantic corporate race for months to be the first to conquer a market that this year could exceed 165,000 million dollars in value. However, the rapid deployment of tools such as ChatGPT It would not be possible without another company much less known by the general public that is taking advantage of it to position itself as the most benefited by the propulsion of the sector.
Is about nvidia and is not responsible for the products of AI that are appearing on the scene, but from the technology that sustains them. This American company is in charge of designing the vast majority of semiconductors that function as the brain of those systems. Without their graphics cards, training language models like the one used by ChatGPT would be much more expensive or slow. Although companies like Intel are trying to enter that market, Nvidia has no competition in the development of chips for the training of the machine learning and deep. All this has made the company the world leader in AI hardware and software, the first and indispensable piece to shape the ambitions of the sector.
His position of strength was vindicated this Thursday, when his Actions soared above 25%. In the hours that a trading session lasts, Nvidia “earned” 190,000 million dollars, the second largest revaluation achieved by a US company in one day. With all this, the company reached a market value of around 945,000 million dollars. Although its name is less media, Nvidia is by all accounts a technological giant: it is already the fifth most valuable American company and the sixth worldwide.
The increase registered during the last hours is due to an improvement in its results above analysts’ expectations. In the quarter that ended in April, Nvidia reached $7.2 billion in revenue, 13% less than last year, but numbers well above what was forecast. Wall Street.
If the barrier of 1,000 million is overcome, Nvidia would join an exclusive club that only includes ManzanaMicrosoft, the Saudi Aramco oil company, alphabet (Google) and Amazon. Its capitalization almost doubles that of the second most powerful chip company, the Taiwanese TSMC, responsible for the manufacture of these strategic pieces. Taking a look at its evolution on the stock market, it seems clear that it is the one that benefits the most from the emergence of AI. So far in 2023, the company’s shares have skyrocketed 170%, far from the 104% revaluation of Meta, 39.4% of Alphabet, 38.4% of Apple, 35.5% from Microsoft and 33.9% from Amazon.
Although there are other companies that dominate the covers with the announcements of their new products, “the only one that makes money is Nvidia,” according to Alan Priestley, an analyst of the semiconductor industry at the technology consultancy Gartner, recently pointed out. “It’s the major technology player enabling this new thing called AI.”