Nvidia is on track to becoming the first trillion-dollar chipmaker

Nvidia is on track to become the first trillion-dollar chipmaker, driven by robust sales forecasts and surging demand for its artificial intelligence processors.

Nvidia's recent successes are attributed to the skyrocketing demand for cutting-edge tech across various industries. The firm's H100 processor is in high order by big tech companies and a new wave of AI startups such as OpenAI and Anthropic.

"Our chips and allied software tools are the picks and shovels of a generational shift in AI," said Geoff Blaber, CEO of CCS Insight. "Nvidia provides a comprehensive toolchain that no other company currently matches," he added.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

IntEngineering /  🏆 287. in US

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nvidia barrels toward rare $1 trillion valuation after putting a dollar figure on AI boostNvidia Corp. could be within sight of becoming only the seventh U.S. company to top a valuation of $1 trillion after an audacious, AI-charged forecast.
Read more »

Nvidia shares soar nearly 30% as sales forecast jumps and AI boomsNvidia Corp on Wednesday forecast second-quarter revenue more than 50% above Wall Street estimates, and said it is boosting supply to meet surging demand for its artificial-intelligence chips, which are used to power ChatGPT and many similar services.
Read more »

Nvidia CFO on record-breaking forecast: 'The inflection point of AI is here'OPINION: Nvidia CFO Colette Kress tells columnist tpoletti that generative AI is 'the app of all apps' as she predicts record revenue.
Read more »

Flexible solar cells based on foldable silicon wafers with blunted edges - NatureModules of foldable crystalline silicon solar cells retain their power-conversion efficiency after being subjected to bending stress or exposure to air-flow simulations of a violent storm.
Read more »

Nvidia surge boosts Nasdaq futures while debt-ceiling debacle damps DowU.S. stock futures were mixed as Nvidia results boosted tech but debt-ceiling concerns weighed on the Dow.
Read more »