NVIDIA apparently can’t complain at the moment. The tech company’s action continues to climb and now NVIDIA has even surpassed Amazon in terms of market value.
NVIDIA’s market value climbs and climbs. A report from Bloomberg According to a recent surge in stock values, the company’s market value has now climbed to $1.83 trillion (and yes, that’s not a translation error, it’s actually trillions).
This means that NVIDIA is, at least for a time, ahead of Amazon with $1.80 trillion and is the fourth most valuable listed company in the USA behind Alphabet ($1.85 trillion), Apple ($2.9 trillion) and Microsoft ($3.11 trillion).
Of course, the company’s huge revenues are not due to the newly released RTX 40 Super graphics cards or GeForce NOW, the cloud gaming service, but rather to its dominance in the AI sector. NVIDIA is currently the world’s leading developer and supplier of AI chips and is of course riding strongly on the wave of the AI boom.
NVIDIA shares have risen nearly 50% in the new year as there are signs that demand remains high for the company’s chips, which are used in data centers to perform complex computing tasks for AI applications. NVIDIA has gained around $600 billion in market value so far this year alone, more than in the last seven months of 2023, according to Bloomberg.
Graphics and cloud gaming are more of secondary income for the manufacturer. In addition to graphics cards, this also includes the Tegra X1 processors for Nintendo Switch and this seems to continue for the upcoming Switch 2 with a new version of the chip.
The upcoming financial report from NVIDIA, which is scheduled to be published on February 21st, will be exciting.
The NVIDIA Kairos demo has evolved to incorporate a number of new features and incorporate the latest NVIDIA ACE microservices: Audio2Face and Riva ASR for AI-powered animation and speech.
