
According to the Economist, no company has gained as significantly from the artificial intelligence (AI) explosion as Nvidia. The chipmaker’s stock value has experienced a remarkable increase of nearly 450% since January 2023. Nvidia’s market capitalisation is nearing $2 trillion, positioning it as the third-largest company in the United States, trailing only behind Microsoft and Apple.
For the latest quarter, Nvidia reported revenues of $22 billion, a significant increase from $6 billion in the corresponding quarter of the previous year.
Originally developed for video gaming, Nvidia’s AI chips, commonly referred to as graphics processor units (GPUs) or “accelerators,” have found a broader application.
(The author Girish Linganna of this article is a Defence, Aerospace & Political Analyst based in Bengaluru. He is also Director of ADD Engineering Components, India, Pvt. Ltd, a subsidiary of ADD Engineering GmbH, Germany. You can reach out to him at: girishlinganna@gmail.com)