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Nvidia, a rapidly expanding AI chipmaker, surpasses Apple to become the second-largest US public company. With its increase in market capitalization to $3.019 trillion on Wednesday, the AI chipmaker became the second most valuable publicly traded company in the United States, after Microsoft, with a market capitalization of $3.15 trillion, only slightly more than Apple's $2.99 trillion. #nvidia #nvidianews #aichipmaker #nvidiachip #AI #NvidiaRTX #NewsUpdate #news #BusinessNews #newsupdatetoday #businessnewsupdates

Nvidia, a rapidly expanding AI chipmaker, surpasses Apple to become the second-largest US public company. With its increase in market capitalization to $3.019 trillion on Wednesday, the AI chipmaker became the second most valuable publicly traded company in the United States, after Microsoft, with a market capitalization of $3.15 trillion, only slightly more than Apple's $2.99 trillion. #nvidia #nvidianews #aichipmaker #nvidiachip #AI #NvidiaRTX #NewsUpdate #news #BusinessNews #newsupdatetoday #businessnewsupdates

Are we at the dawn of a whole new industry? Nvidia's CEO, Jensen Huang, certainly thinks so, having just propelled Nvidia past Google to become the world's third most valuable company. As Nvidia's shares soar, Huang's vision of "accelerated computing" and AI-generation factories is reshaping industries, from biotech to the way we interact with applications like ChatGPT. With the company's revenue smashing expectations and the demand for AI tokens skyrocketing, Nvidia's trajectory suggests an AI-driven future is not just imminent but already here. With such rapid growth and the transformation of data centers into AI powerhouses, one has to wonder about the sustainability and future implications of this tech dominance. How do you see Nvidia's role in the AI revolution affecting the broader tech landscape and beyond? Share your thoughts! #artificialintelligence #acceleratedcomputing #futureofai

In a groundbreaking development, NVIDIA, the AI chipmaker, has outstripped technology giant Microsoft to claim the title of the world's most valuable company, following its staggering growth in the wake of AI's widespread adoption. Surging by an impressive 160% in 2024 alone NVIDIA's share price escalation propelled its market cap from $2 trillion to a remarkable $3 trillion in a mere 96 days. This rapid growth stands in stark contrast to the lengthier periods it took for other tech behemoths like Microsoft (945 days) and Apple (1044 days) to achieve similar milestones, underscoring NVIDIA's meteoric rise in the AI landscape. NVIDIA has cemented its status at the forefront of the industry, capitalizing on the growing demand for advanced AI capabilities. The company's remarkable ascent exemplifies the pivotal role that AI plays in shaping the future of technology and business landscapes worldwide. #NVIDIA #AI #Innovation #ArtificialIntelligence #TechIndustry

NVIDIA's CEO, Jensen Huang, is advocating for enterprises to conceptualize their operations as "AI factories" rather than traditional data centers. In his view, these AI factories process data and electricity as raw materials to produce valuable data tokens. This paradigm shift aims to transform how businesses perceive and utilize their data infrastructure, emphasizing generation and value creation rather than mere cost. #Nvidia #JensenHuang #AIFactories #DataInfrastructure #DataTokens #ValueCreation #ParadigmShift #BusinessTransformation

🔍 **Tech Giants at Odds: Apple's AI Update - A Setback for Nvidia?** 🚧 Exciting developments are always shaking up the tech world, and the latest AI update from Apple has done just that—but not in Nvidia's favor! 📉 According to an insightful article by Keith Speights on Yahoo Finance, Apple’s latest AI advancements may significantly reduce its dependency on Nvidia's hardware. How is this pivotal? 🤔 - **Market Impact:** Nvidia's stocks are taking a hit as investors weigh the potential drop in future revenue. - **Tech Evolution:** This marks a major strategic move by Apple to refine and enhance its own AI capabilities. - **Industry Ramifications:** The shift could ripple through the tech industry, affecting collaborations, market shares, and tech innovations globally. Read the full article for a deep dive into how these changes are reshaping the AI landscape and what it means for Nvidia’s market position: [Full Article](https://lnkd.in/duuTHubX) 🔔 **Let’s Discuss!** - How do you foresee this impacting the AI sector in the next 5 years? - Will Nvidia adapt or will this signify a broader shift towards proprietary advancements in tech? 📬 **Join the Conversation!** 👍 Like, 💬 Comment your thoughts, and 🔄 Share this post to keep the dialogue going. Your insights can spark meaningful discussions! #TechNews #AI #Apple #Nvidia #MarketTrends #Innovation #TechIndustry

Recently, Nvidia did the unthinkable and reached a market cap higher than Amazon and Tesla combined. I remember a year ago, I attended a small seminar where Nvidia was briefly mentioned and surge of AI was passed as 'a short phase' and that AI only takes time to 'predict the next word'. While we can't go back in time, we can certainly learn from it. What AI has grown into since then has been nothing short of astounding, and the market cap reflects that. Where we go at this point is anyone's guess, but one thing I would encourage all professionals at all levels to do is truly take the time to learn this technology. Look up Copilot, Gemini, GPT, etc. Play with them, talk to them, and instead of dismissing it because you haven't made it work for your immediate needs, try emphasizing with someone who has found profound use with it and approach it from that angle. I firmly believe this technology is here to stay and while it may not effect you directly today, I can't emphasize enough how impactful it will continue to be as we move deeper into 2024. https://lnkd.in/gBWX22NN

Big tech companies are pouring trillions of dollars into the development of generative AI, a new application space that promises to transform computing as we know it. Jensen Huang, co-founder and CEO of Nvidia, believes that this investment will double the number of data centers worldwide in the next five years, creating new market opportunities for companies like Nvidia. And the numbers seem to back up his claims; Nvidia's recent earnings update suggests that much of the investment in AI is going to chip makers like them. Intel CEO, Pat Gelsinger, also pointed to the transformative impact of AI on computing, calling it "the most profound shift in computing since the internet itself." With big players like Google, Microsoft, and Meta Platforms also investing heavily in AI, it's clear that this is a technology that's set to shape our future in a big way. Source: Wall Street Journal

𝗡𝘃𝗶𝗱𝗶𝗮 𝗧𝗮𝗸𝗲𝘀 𝘁𝗵𝗲 𝗖𝗿𝗼𝘄𝗻 𝗮𝘀 𝗪𝗼𝗿𝗹𝗱'𝘀 𝗠𝗼𝘀𝘁 𝗩𝗮𝗹𝘂𝗮𝗯𝗹𝗲 𝗖𝗼𝗺𝗽𝗮𝗻𝘆 On June 18th, a 3.4% increase pushed their market capitalization (total market value) to a staggering $3.3 trillion. This surpasses Microsoft's market cap and marks a meteoric rise for Nvidia. Just nine months ago, in February 2024, the company reached $2 trillion. Nvidia holds an 80% market share in the AI chip sector, making it a critical player in the AI revolution. What You Like About Nvidia? Keep up to date with Ai? Join our daily AI newsletter: https://lnkd.in/ddPGx4KD

Nvidia’s Secret to Dominating the AI Chip Market – You Won’t Believe What They’ve Achieved! Ever wondered why Nvidia is miles ahead in the AI race? The AI revolution is here, and Nvidia is leading the charge with groundbreaking innovations. Their latest Blackwell series chips and the DGX SuperPOD are redefining what’s possible in AI computing. Imagine a single rack system offering 11.5 exaflops of AI power – that's the future of data centers as AI factories. Nvidia’s tech is now the backbone for giants like Google, Meta, and Microsoft, pushing the boundaries of AI applications in ways we've never seen before. Their market share? An astounding 95%, with revenues projected to hit $110.57 billion. The takeaway? Keep an eye on Nvidia – they’re not just making chips; they’re shaping the future of AI. #AI #Nvidia #Innovation #TechRevolution