Darren Higham’s Post

How did NVIDIA rise to become the world's most valuable company? Nvidia has recently overtaken Microsoft and Apple, driven by its crucial role in the AI market. What factors propelled Nvidia’s shares to soar by over 215% in the past year, reaching a market valuation of about $3.35 trillion? As the battle for market dominance is still heating up, dive into the strategic moves and innovations that have positioned Nvidia as a dominant force in the tech industry. #Nvidia #AI #TechInnovation #MarketLeadership #FinancialSuccess

The technology company considered to be at the heart of the AI chip boom reported its fourth quarter earnings after the stock market's close on Wednesday, beating expectations for both earnings and sales, CNBC reports. The company's total revenue is up 265% from a year ago. For context, Nvidia makes powerful computer chips that power popular AI tools like OpenAI's ChatGPT and Microsoft's Copilot. High demand for those chips has propelled the company into Wall Street's exclusive trillion-dollar market capitalization club. As of market close on Feb. 21, the tech company's market cap sat at $1.667 trillion, putting it behind Alphabet's $1.779 trillion market cap. It's also behind Microsoft and Apple, which hold market caps of $2.988 trillion and $2.819 trillion, respectively.

Nvidia has surpassed Microsoft to become the world's most valuable company, reaching a record valuation of $3.34 trillion. Daniel Bathurst, Head of Product at Nscale highlights the importance of hashtag #GPU compute and the need for competition in the AI chip market to promote innovation in the following Independent article: “Powerful hardware is the foundation upon which the AI revolution is built” “But, while powerful chips are a key ingredient, the AI ecosystem is more than just hardware. We need a diverse offering at the chip, hardware, and software level to support a thriving, sustainable AI landscape”

𝗡𝗩𝗜𝗗𝗜𝗔 𝗕𝗘𝗖𝗢𝗠𝗘𝗦 𝗪𝗢𝗥𝗟𝗗’𝗦 𝗠𝗢𝗦𝗧 𝗩𝗔𝗟𝗨𝗔𝗕𝗟𝗘 𝗖𝗢𝗠𝗣𝗔𝗡𝗬 𝗔𝗠𝗜𝗗 𝗔𝗜 𝗕𝗢𝗢𝗠 Key Points: ◼ NVIDIA's stock surged 3.5% to $135.58, elevating its market cap to $3.34tn. ◼ The company’s meteoric rise highlights its crucial role in the AI boom, providing essential chips for AI technologies. ◼ Year-to-date stock performance: Nvidia shares up 180%, compared to Microsoft's 19% rise. ◼ Nvidia recently implemented a 10-for-one stock split, making its shares more accessible to individual investors. ◼ AI market leadership: Nvidia’s processors power leading AI tools like OpenAI's ChatGPT. ◼ The surge in demand has pushed the price per chip to around $30,000. Record-breaking financials: Nvidia added over $103bn to its market cap in a single day. ◼ CEO Jensen Huang's net worth has soared, making him one of the world's wealthiest individuals. #ai #artificialintelligence #semiconductor https://lnkd.in/ehDtamF5

Massive #value increase at NVIDIA - For reference, The Economist in March: combined market value of #Alphabet, #Amazon, and #Microsoft jumped by $2.5Trn during the #ai boom. Now it’s $2.8T. Super high valuations at 150+x vs. pre-ai, Justified? opportunity? bubble? Info: Visual Capitalist infographic, companiesmarketcap.com

🎉 Witness the power of AI! Nvidia, a key player in the AI industry, has now overtaken Apple to become the second most valuable company globally. 🔝 Nvidia’s rise to the top is a clear indication of the pivotal role AI is playing in shaping our future. With a valuation now exceeding $3 trillion, Nvidia is hot on the heels of Microsoft, the world’s largest company. 🔍 For an in-depth look at this significant milestone and what it means for the tech industry, don’t miss out on this article.  https://lnkd.in/gcKGYtfp Follow High Peak for the freshest AI and software development insights. #Nvidia #AI #TechLeadership #AIdevelopment #AInews #StayAhead #HighPeak

AI IS A WHOLE NEW INDUSTRY Jensen Huang, Nvidia’s chief executive officer and co-founder, said generative AI is kicking off a wave of investment worth trillions of dollars, which he believed would double the amount of data centers in the world in the next five years and deliver market opportunities for NVIDIA. “A whole new industry is being formed, and that’s driving our growth.” Nvidia on reported quarterly sales of $22.1 billion and forecast another $24 billion for its current quarter; triple the previous forecasts. The key takeaway regarding AI is that it is going to have a massive impact on businesses across different industries. According to AI experts I work with, extensive developments will be made in AI by 2030. Stated another way, AI will have a transformative effect on the way businesses operate. What I find equally interesting and concerning is that the majority of CEOs continue to design long term strategies without taking into account the impact of AI. For example, I recently spoke with executives from a large international ocean carrier that has launched logistics operations in the USA. The executives contracted me to evaluate their strategy. On paper, the strategy was sound. In reality, I found it lacking for the following reason - the strategy failed to make any considerations for the impact of AI on the companies they want to pursue, nor did the strategy contain any mention of how AI will be leveraged by the newly formed logistics company. The argument I made was this - you have to build the company of the future today. AI will increase velocity across every aspect of business. (I’m amazed at how few executives understand the topic of velocity.) Consumers will make buying decisions faster. Deliveries and logistics will be faster. New products will be launched faster. Corporations will have to leverage data to make business decisions faster. New industries will be created faster. Business models and technology used in 2024 will not be successful in 2030 and beyond. New entrants and established corporations must stop viewing AI as being a way to automate functions and reduce costs. Legacy tech stacks and software will become the Achilles Heel of businesses that didn’t invest the time, money and effort to understand and invest in AI. We’ve seen this movie before. When ships converted from coal to oil in the 1870s, velocity across businesses accelerated as the speed of shipping increased. When Henry Ford introduced the Model T in 1908, and also introduced the assembly line, manufacturing accelerated resulting in new products and the creation of new industries. When Microsoft released the first version of Windows, it transformed businesses across industries. AI’s superpower is that it will transform businesses by accelerating velocity. Companies must start planning for this today. #retail #leadership #ceo #velocity #strategy #supplychain

A quick take on AI outside of my comfort zone of software engineering and a problem with senior leadership technology savviness and long-term strategies today. I often refer to Brittain Ladd, a world-class supply chain management advisor and expert, when talking about global trends in SCM, Retail, Manufacturing, and other non-SW engineering topics including EVs... I think he gets many things right. I suggest following him (posts and articles) for many knowledge nuggets and global market predictions. SW is “eating the world”, but it is the manufacturing and supply chain that really makes its foundation (food, machinery, clothing, as well as CPUs, Telecom equipment, and data centers) after all, “Cloud is just someone else’s computer” is a superficial joke, but there is always a physical something, that had to be manufactured from physical resources, built, shipped and deployed, to run your workload. #supplychain #aiadoption #aiapplications #seniorleadership