Did Nvidia Cap the Market Value of US$ 1,000,000,000,000 Due to the AI Boom, Industry Researchers Say ‘Yes’

Esports have a tremendous impact on the global trade market today. Over the years, the industry has experienced a financial boom and is expanding rapidly. Recently, Nvidia made it to the elite trillion-dollar stock club, and this piece of news has caused gaming fans to celebrate worldwide.

Nvidia Corporation is a technology company based in America. The company is famous for designing and manufacturing graphic processing units (GPUs). These GPUs are a fundamental need of the fast-going gaming sector. With this evaluation, it has joined the Elite trillion-dollar club including other industry giants like Apple, Microsoft, Amazon, and Tesla.

Nvidia Historic Success Story: Just The Beginning?

On May 30, Nvidia marked a historic market value of over a trillion US dollars for the first time. In a recent report released by market research firm IDTechEx, the business predicts that Nvidia will continue to dominate the GPU market. The H100 GPU, based on Nvidia’s new Hopper architecture, was launched early this year, despite the A100 still being the most often utilized chip for AI applications in data centers. Analysts predict that Nvidia will be taking home a sizeable portion of the anticipated US$257 billion in AI chip sales by 2033.

Their spike in its market value was quite expected. But even for the hardcore fans of the company, this was significantly higher than any estimated speculation. This is a remarkable development for a chip designer without its manufacturing facilities. Gaming fans also believe that the massive valuation might just be the beginning of a splendid long run for the company in the market.

The Company & AI: Beyond Competition?

Nvidia GPUs are the most popular and obvious choice for most gamers today. The company runs long ahead of its major competitors like AMD, and Intel. The stakeholders have credited their loyal gaming fans for the historic moment. A fair contribution to the overall value of Nvidia also comes from its data center and network market segment.

Read More: Proud Moment for the Gaming Community as $960 Billion Valuation of Nvidia Is Dwarfing Facebook, Tesla, and Netflix

The report also suggests that the AI chip market may have the greatest growth rate in the coming ten years. These statistics speculate a bright future for the industry with the onset of the AI boom. The number 1,000,000,000,000 might just be the beginning.
The competitors of Nvidia aim to give tough market competition shortly with their upcoming developments. Recently Nvidia announced a collaboration with Microsoft for ten years. Even with the craze of Xbox and Playstation, fans still believe Nvidia will keep on the dominance for a long time.

Do you think there’s any competition for Nvidia in the market? Share your experience with us in the comments below.

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