Nvidia aims to become the first $4 trillion company with innovative AI technology.

From Nasdaq: 2024-10-11 05:50:00

Nvidia is hosting its AI Summit in Washington, D.C. to showcase its latest AI innovations, including the Blackwell platform. The event will focus on Nvidia’s vision for the future, centered around AI Factories. With a market cap of $3.1 trillion, Nvidia aims to reach a $4 trillion valuation.

Nvidia envisions AI factories as advanced data centers that will revolutionize industries with digital intelligence. The company holds a dominant share of the data-center GPU market. Its new Blackwell platform is four times faster and more energy-efficient, solidifying Nvidia’s position in the AI era.

Unrelated to the summit, Nvidia received positive news from partner Super Micro Computer about strong GPU demand. Despite concerns about overspending on AI, innovations like Blackwell and market growth reinforce the case for investing in Nvidia. OpenAI’s valuation surge shows the growing market for AI technology.

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Read more at Nasdaq: These 2 Words Could Make Nvidia the First $4 Trillion Company