[NVIDIA! The biggest winner under the AI boom, with a market capitalization of more than one trillion] #NVIDIA market capitalization exceeded trillion# In the US stock trading on May 30, NVIDIA's stock price once hit a record high of $419.38, and its market value also exceeded $1 trillion (about S$1.35 trillion), becoming the world's first chip company to reach this level. Nvidia has also joined the trillion-dollar market capitalization camp of tech giants such as Apple, Microsoft, Alphabet (Google's parent company) and Amazon.
As demand for AI chips still maintains strong growth, NVIDIA gives optimistic performance expectations. The company was initially known for producing graphics processing units (GPUs) for gaming, but later discovered that GPUs were also suitable for learning and inference in generative AI that processes massive amounts of data, such as ChatGPT. NVIDIA has become the world's largest manufacturer of chips dedicated to the next generation of AI products, and its performance has surpassed competitors such as AMD and Intel.
At the IT trade fair in Taiwan, NVIDIA unveiled several new AI-related products in various fields ranging from robotics to gaming to advertising and networking. Nvidia CEO Jensen Huang also released an AI supercomputing platform to help tech companies create their own versions of ChatGPT.
In addition, Nvidia is building Israel's most powerful artificial intelligence supercomputer and plans to acquire British chip design company ARM to further strengthen its position in the global chip market.
