The market capitalization of Nvidia is more than $2 trillion.
After the company announced its huge profits during the last fiscal quarter last Wednesday, the company's shares continued to rise.
In the fourth quarter of its fiscal year, Nvidia generated sales of $22.10 billion, exceeding the $20.6 billion that analysts had previously expected This represents a 265% increase in revenue compared to the same quarter of the previous year.
In comparison to the same quarter previous year, when the company's profits were $1.4 billion, the American company's profits this quarter came to approximately $12.29 billion, a massive rise of 770%.
NVIDIA has profited from the revolution in artificial intelligence occurring in the technical industr, To run the servers that house the various AI systems, the business mostly uses its pricey processors.
By creating their own AI chips, other businesses like OpenAI, Microsoft, and Intel are attempting to wean themselves off of Nvidia; however, matching the processing power and output of Nvidia processors is still a long way off.
In the current quarter of 2024, Nvidia is anticipated to make an announcement regarding the new high-performance artificial intelligence chips.
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