Nvidia has shattered expectations, as the company’s market cap has exceeded $2 trillion for the first time in its history.
It might not come as any surprise, but Nvidia has been doing incredibly well since the popularization of AI applications such asChatGPT, which has caused a surge in demand for chips across the globe. Reuters notes that the rush for Nvidia chips can be viewed in a similar way to the gold rush of the 1800s, which is no small feat.
As AI companies reveal new products, such asSora AI, which can generate AI video based on a text prompt, companies are also beginning to work out issues with the software, such as ChatGPT’s hallucinations, and Gemini’s somewhat skewed outputs.
Does this mean that Nvidia is giving up on gamers?
Nvidia stocks hitting this value is purely based on the fact that their biggest and best supercomputers are being bought up by companies looking to invest in AI. While many of these chips rely on similar wafers to that of the RTX 4090 and similar, we already know that Nvidia is planning to release next-gen GPUs at some point in the future.
CEO Jensen Huang has also reassured gamers that they will not bequittingany time soon. However, the cost of the GPUs themselves may be affected by the demand that their corporate customers are drumming up thanks to the AI gold rush.
Sayem Ahmed was Dexerto’s Tech Editor in the UK team, leading hardware coverage globally. Sayem is an expert in all things Nvidia, AMD, Intel, and PC components. He has over 10 years of experience, with bylines at Eurogamer, IGN, Trusted Reviews, Kotaku, and many more.
