Science & Technology

Nvidia Nears to Top $2 Trillion Valuation

Nvidia Corporation is currently approaching becoming the first semiconductor company with a market value of $2 trillion.

Nvidia Aims to Top $2 Trillion Valuation

If the chip manufacturer based in Santa Clara, California, can achieve the mentioned figure, it will be another milestone in the ascendancy of this brand as the largest beneficiary of the sharp increase in the value of shares, one way or another related to the artificial intelligence industry.

Nvidia securities on the premarket on Friday, February 23, after closing the previous session with a valuation of $1.96 trillion, showed an increase of 2.7%. Currently, this company is the fourth most valuable in the world. In terms of the market capitalization indicator, Nvidia is inferior to Microsoft, Apple, and Saudi Aramco.

The California-based chipmaker this week released its financial results, which indicate significant growth and confirm Wall Street’s view of the potential of artificial intelligence technologies in terms of commercial aspects.

Nvidia also gave guidance that exceeded preliminary expectations. Currently, the company cooperates with the main technology giants of the world, including the virtual platforms of Meta. Nowadays, there is a steady trend of increasing spending on AI, which has the potential to profoundly transform human activity in many industries. Artificial intelligence also hints at the kind of ability to rethink the concept of the existence of civilization on a philosophical level, but this is a distant futuristic perspective, the implementation of which does not have the maximum probability.

For the functioning of AI systems and the use of their potential in a full-fledged format, chips are needed, which are developed by Nvidia. Currently, the company is a leader in the market of graphics chips, which are applied to solve complex computing tasks required for operating apps of artificial intelligence.

Serhii Mikhailov

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Serhii’s track record of study and work spans six years at the Faculty of Philology and eight years in the media, during which he has developed a deep understanding of various aspects of the industry and honed his writing skills; his areas of expertise include fintech, payments, cryptocurrency, and financial services, and he is constantly keeping a close eye on the latest developments and innovations in these fields, as he believes that they will have a significant impact on the future direction of the economy as a whole.