The AI revolution has been a major boon for NVIDIA. The company’s GPUs are now being used to power the latest language tools like ChatGPT, and the stock has been soaring to new heights. This month, NVIDIA’s stock has grown by over 40%, and CEO Jensen Huang has seen his wealth balloon by more than a third to $18.9 billion. This success has been driven by NVIDIA’s AI prowess, and its Hopper H100 and Ampere A100 architectures, which are the fastest AI GPUs on the planet.
The demand for faster AI power in the data center, cloud, and automotive segments has also been a major factor in NVIDIA’s success. This is due to the rise of OpenAI’s language tool, ChatGPT, which has Wall Street traders increasingly betting on chip-makers like NVIDIA. Citi analysts have suggested that ChatGPT will continue to grow, and that could result in more NVIDIA GPU sales throughout 2023. Analysts from Bank of America and Wells Fargo have also said that NVIDIA is to gain from the popularity surrounding the AI/ChatGPT biz.
Overall, NVIDIA’s success with AI is a testament to the company’s foresight and technological prowess. Its GPUs are now being used to power the latest language tools, and the stock is soaring to new heights. With the rise of OpenAI’s language tool, ChatGPT, and other AI tools, NVIDIA is well-positioned to continue its success in the coming quarters.