VentureBeat May 25, 2023
Nvidia’s stock soared nearly 30% after it announced its first-quarter financial results yesterday, setting the stage for Nvidia to become only the fifth publicly traded U.S. company to be currently worth $1 trillion — joining Apple, Microsoft, Alphabet and Amazon. And it’s all thanks to the hunger for high-powered AI chips in the era of generative AI.
This was a predictable outcome: Back in February, VentureBeat took a deep dive into how Nvidia has come full circle when it comes to AI. Its hardware and software helped power the deep learning revolution, which in turn drove the need for more and more GPUs as large language models like GPT have grown bigger and more powerful.
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