Nvidia hits $1 trillion market cap as the chipmaker unveils more AI products -...

Nvidia hits $1 trillion market cap as the chipmaker unveils more AI products

Nvidia hits $1 trillion market cap as the chipmaker unveils more AI products

24 hours ago

Nvidia Corp’s market valuation hit $1 trillion on Tuesday after the world’s most valuable chip maker released more artificial intelligence products.

The launch of the Nvidia DGX GH200 and Nvidia ACE is big news that has investors in NVDA stock excited today. A new supercomputer and a generative AI platform make up the first and second products, respectively.

In his first live keynote since the epidemic, NVIDIA founder and CEO Jensen Huang revealed AI products that businesses can utilize to ride a historic wave of generative AI that is revolutionizing sectors including advertising, manufacturing, and communications.

According to Huang, AI supercomputer DGX GH200 will help tech companies create successors to ChatGPT. DGX GH200 uses NVIDIA NVLink to combine up to 256 NVIDIA GH200 Grace Hopper Superchips into a single data-center-sized GPU.

The DGX GH200 can serve as a model for future hyperscale generative AI infrastructure, and Google Cloud, Meta, and Microsoft are among the first anticipated users to get access to it.

Huang also showed how Nvidia and WPP are working together to leverage AI and the metaverse to cut the cost of creating advertisements. It is introducing a networking service meant to accelerate the transmission of information within data centers. Additionally, the company wants to alter how consumers play video games: Nvidia ACE for Games will use AI to give background characters more life and personality.

To provide a more organic, spontaneous reaction, Nvidia ACE will listen to what the player says to a character, turn it to text, and then throw it into a generative AI software.

In addition, Huang presented a new robotics platform that he claimed will aid Nvidia in branching out into sectors other than technology. It is a reference design that will assist other companies in creating their own robots for a variety of tasks.

The announcement highlights Nvidia's transformation from a producer of computer graphics processors to a business at the forefront of the AI boom. Huang issued a startling sales prediction for the current quarter last week, about $4 billion more than experts had predicted.

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