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Sep 10, 2023

How savvy trillion-dollar chipmaker Nvidia is powering the AI goldrush

Posted by in categories: finance, robotics/AI

The US firm best known for its gaming tech has long been ahead of the curve in supplying the tools needed by tech developers.

It’s not often that the jaws of Wall Street analysts drop to the floor but late last month it happened: Nvidia, a company that makes computer chips, issued sales figures that blew the street’s collective mind. It had pulled in $13.5bn in revenue in the last quarter, which was at least $2bn more than the aforementioned financial geniuses had predicted. Suddenly, the surge in the company’s share price in May that had turned it into a trillion-dollar company made sense.

Well, up to a point, anyway. But how had a company that since 1998 – when it released the revolutionary… More.

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