On Tuesday morning, the market value of US chipmaker Nvidia, which makes processors used to power artificial intelligence technology, surpassed $1 trillion. Once the company revealed second-quarter revenue predictions that were more than 50% higher than investors had anticipated on May 24, the price of its shares started to rise. By the end of the following day, Nvidia’s market value had increased by nearly 25% to $940 billion.

Nvidia became the first chipmaker to hit the trillion-dollar mark on Tuesday after shares increased by an additional 4.2%. The parent company of Google, Alphabet, and well-known brands like Meta and Amazon are among the corporations with trillion-dollar values. According to Technology News UK, Nvidia is the eighth business in history to reach the figure.

On a conference call with investors on May 24, when Nvidia released its predictions, CEO Jensen Huang claimed that the company was taking advantage of the “iPhone moment” in artificial intelligence since interest in the field has exploded since the release of OpenAI’s ChatGPT in November.

According to Huang, “We’re seeing huge orders to retool the world’s data centres.” I believe we are starting a 10-year shift to essentially recycle or reclaim the world’s data centres and build them out as accelerated computing.

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