Nvidia reached a historic milestone as it was successful in recording a valuation of $2 trillion. The growth of the US-based chipmaker was fueled by the rising demand for its chips that have made the company a pioneer in the generative artificial intelligence (AI) space. According to a report by the news agency Reuters, The … Read more
Wall Street’s enthusiasm about artificial intelligence has Nvidia on the verge of becoming more valuable than Amazon for the first time in two decades, and the AI chipmaker is not far behind Google-owner Alphabet. A 40% surge in Nvidia so far in 2024 has elevated its market capitalization to $1.715 trillion as of mid-day trading … Read more
After the US tightened its rules on the export of high-end AI chips to China by an American company, Nvidia reportedly delayed the launch of chips for the Chinese market. The company was recently said to be working to make changes to its GPUs as per upgraded restrictions so that it can sell chips in … Read more