intelligence technology, Nvidia is now at an excellent point in the market and is able to provide all technology companies with powerful AI chips in order to create various tech models.
According to Bloomberg’s notes, the Nvidia chip maker company has recently experienced an impressive growth of 850% since the end of 2022.
Now, the chip maker company is valued at $3.43 trillion after the market closes. So, Nvidia has been able to be superior to the giant Apple company which is currency valued at $3.38 trillion. It should be mentioned that this is not the first time that this situation is happening since back in June Nvidia also succeeded in surpassing Apple, but it didn’t hold the spot for too much time.
It’s true that now the AI competition is very high since all companies are looking to develop their own artificial intelligence technology and become popular in the market.
The CEO of Nvidia, Jensen Huang states that the rapid growth of the company is due to the huge demand for chips powered by artificial intelligence, and also declares that Nvidia is focused on facilitating data center modernisation in order to improve the AI computer power.
However, it should be mentioned that recently, the chip maker has reported impressive Nvidia revenue earnings. In the second quarter that ended in July, the chip maker reported a 15% quarterly increase, and also a significant increase year-over-year of about 122%. For the third quarter, Nvidia expects to have earnings of $32.5 billion.
It seems that Nvidia has planned a conference call on November 20 which wants to discuss the financial results of the third quarter, which recently ended on October 27. Before the conference call, it is expected that the chip maker will provide a written report about the Q3 earnings results which will be shared probably by the CFO, Colette Kress.
Stay tuned for updates about Nvidia Q3 earnings!
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