Nvidia announced great quarterly results, which translated into an immediate growth of the company on the stock exchange. On Wednesday, the graphics card maker’s stock jumped more than 24 percent. However, the data shows something much more important than better sales. It’s what drives the sale. It is artificial intelligence. Tools such as ChatGPT work – in a nutshell – similar to those related to cryptocurrency mining. Artificial intelligence needs the power of special chips.
It is the prediction of the popularity of AI that allows the company to estimate that over the next three months it will achieve sales of $11 billion. This would be a much better result than forecasted. Analysts – as emphasized by the “Financial Times” – predicted sales of $ 7.2 billion.
Artificial intelligence affects the development of the entire industry
“We will significantly increase shipments to meet the growing demand for the entire family of data center chips,” explained Jensen Huang, CEO of the company. And he explained that among the most popular systems was the H100 – designed and manufactured especially for the so-called. large language models, which are used, among others, by OpenAI, creator of the popular chat. Of course, there are more companies that use the technology – Microsoft allows you to use GPT-4 for free in the Bing browser.
The computer industry is undergoing two simultaneous transformations – related to the acceleration of calculations and artificial intelligence. Companies will race to use it. In every product, in every business process, in every service
he stressed.
The development of artificial intelligence improves the results of related industries. The data centers themselves are developing, ordering systems worth $ 4.28 billion from Nvidia in the last quarter.
Experts emphasize that Nvidia is winning the war for the artificial intelligence market, because AMD, the biggest competitor, competes only in the consumer market. A very powerful graphics card is enough to run artificial intelligence on a smaller scale. The popularity of tools like ChatGPT could make the market struggle with card shortages again – similar to those caused by the growing popularity of cryptocurrencies.
Source: Gazeta
Mabel is a talented author and journalist with a passion for all things technology. As an experienced writer for the 247 News Agency, she has established a reputation for her in-depth reporting and expert analysis on the latest developments in the tech industry.
