NVIDIA®
Techlife News|January 04, 2025
THE BREAKTHROUGHS BEHIND THE LATEST AI HARDWARE
NVIDIA®

In the Age of AI, one company has risen to prominence as a pivotal force in the artificial intelligence race: Nvidia. The American firm has reaped immense benefits from the AI boom, with its share price skyrocketing by almost 450% since January 2023. But what’s next?

A RUNAWAY SUCCESS

Following a boom in artificial intelligence, Nvidia’s market capitalization has topped the $2 trillion mark positioning it as the third most valuable company in the United States, trailing only behind tech giants Microsoft and Apple. Nvidia’s financial performance is a testament to its dominance in the AI industry. The company reported revenues of $22 billion in the most recent quarter, a substantial leap from $6 billion in the corresponding period the previous year. Given Nvidia’s commanding market share of over 95% in the specialist AI chips sector, this growth trajectory is not expected to slow down anytime soon.

This story is from the January 04, 2025 edition of Techlife News.

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This story is from the January 04, 2025 edition of Techlife News.

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