(New York) The processor giant Nvidia exceeded Tuesday at the opening of the New York Stock Exchange the bar of one trillion dollars in market capitalization, driven by the boom in artificial intelligence (AI).
Around 9:45 a.m. EST, the title of the Santa Clara (California) group gained 4.87% to $408.43 after gaining more than 25% last week.
By reaching 404.86 dollars at the opening, the action pushed the American manufacturer – initially specializing in graphics cards for video games – into the very closed circle of the five groups with more than a trillion valuation.
These are Apple, Microsoft, Amazon, Alphabet and Saudi Aramco.
Founded thirty years ago by Taiwanese-American engineer Jen-Hsun “Jensen” Huang, Nvidia first developed graphics processing units (GPUs) intended to improve the quality of images for gamers.
These chips have a computing capacity much greater than that of a conventional computer, a potential that quickly interested developers of artificial intelligence, greedy in data processing.
These processors are a central ingredient in the generative AI revolution, capable of providing the computing hardware needed to stream complex content in seconds from data centers around the world.
Last week, Nvidia reported better-than-expected results and above all published an astronomical forecast for its second quarter, representing an increase of 64% compared to the same quarter of 2022.
On Monday at the Computex technology fair in Taiwan, the group presented new products including an artificial intelligence supercomputer platform called DGX GH200 which will interest cloud (remote computing) and AI giants.
“We are delighted that Google Cloud, Meta and Microsoft are the first companies in the world to have access to it,” Jensen Huang said during a speech in Taiwan.
