How Artificial Intelligence Helped Nvidia Take on Amazon, Google – Times of India

Nvidia – Although the hotel was almost all computers – there was no famous name. It was first for them graphics cards Boosts high-end gaming PCs. However, over the past 15 months, Nvidia has undergone a remarkable transformation to become a major player in the emerging field. Artificial intellect (AI).
Nvidia GPU is used for this Generative AI and the power of the great language models that support them. So much so that it is now neck-and-neck with the tech giants Amazon and even threatens to overdo it Google in market capitalization.
According to a report by the South China Morning Post, which cites an analysis by Morgan Stanley, Nvidia shares are on fire in 2024 and are already up 40%. That growth has pushed its market capitalization to a staggering $1.715 trillion, putting it just a hair's breadth away from tech titans like Amazon and Alphabet. As of last week, Nvidia sits: 3% shy of Amazon's $1.767 trillion valuation. Notably, that number is less than 6% of Alphabet's $1.812 trillion market cap.
This impressive climb makes Nvidia the fifth most valuable company on the US stock market, an astonishing 2023 after tripling its share price.
Nvidia's AI push
Unlike its diversified counterparts, Nvidia has focused its resources on developing specialized hardware specifically designed for AI workloads. Their GPUs (graphics processing units), traditionally used for graphics rendering, are remarkably adept at performing the complex calculations necessary for artificial intelligence tasks such as machine learning and deep learning.
Nvidia's bet on GPUs used for AI has paid off handsomely. Nvidia's GPU has become the choice for researchers, developers and companies working on AI projects. From self-driving cars to language translation, Nvidia's hardware has made breakthroughs in a variety of industries. This dominance of the AI ​​hardware market has translated into impressive financial growth, boosting Nvidia's market cap, competing with tech giants like Amazon and Meta.