Nvidia’s New Buddy is AI and He Might Just Pop
Nvidia has seemed to attain the center of the stage in recent times. It has played a huge role in the development of the GPU industry and is now making specialized graphics cards just for Artificial Intelligence training.
Nvidia, the mighty chip creator, is the newest entry to the trillion-dollar club. The company’s stock has skyrocketed this year and is leading the graphic card market by a mile. It is commendable to reach such a milestone. The company has always been leading GPU productions and new ventures using them.
The firm’s recent growth is due to its investment in AI. Ever since Open AI’s GPT 3 arrived, the AI market has experienced substantial growth and more hype. Using this AI growth, Nvidia has started pushing out graphic cards made just for Large Language Model training. Its platform which is called CUDA is chiefing its competitors.
Ever since GPUs have been the main tool for LLMs to train from the CPU, Nvidia has ascended the market in it. Neoteric to its industry, Nvidia has released H100s which the leading Artificial Intelligence companies are using for training their LLMs.
Nvidia’s Crypto Growth Displayed the Same Patterns
The semiconductor colossal also encountered a large amount of growth in 2021 as well. At that time, Nvidia was able to engage the crypto hype to its convenience and as crypto mining required GPU and crypto prices were at an all-time high, Nvidia released hardware specifically dedicated to that.
The Santa Clara-based company started facing a downfall in 2022. Crypto took a dip in 2022 and dragged Nvidia with it. Nvidia, however, latched on to a much bigger trend with AI afterward.
The skyrocketing of AI-based stocks raises the question of whether this is a change in the whole industry that can reshape it entirely or if it would end up just being a bubble that bursts and might potentially affect the whole AI-based market.
