Nvidia Voyager Building in Santa Clara, California (Image source: Nvidia Corp)
Nvidia Corporation’s market capitalization soared to record highs in January, marking the largest monthly increase in the company’s history. The surge was driven by a combination of factors, including growing optimism surrounding artificial intelligence (AI).
Nvidia Corp experienced an unprecedented surge in market value in January, adding a record $296.52 billion to reach a total market value of around $1.52tn. The achievement surpasses the company’s earlier record surge of $248.23bn, attained in May 2023. The graphics processing unit (GPU) pioneer attributed the climb to its new desktop graphics processors, artificial intelligence (AI)-related items, and elevated optimism.
Microsoft, the world’s current leader in market capitalization, also experienced significant gains of $159.36 billion, primarily attributed to the increasing demand for its Azure cloud computing service. Conversely, Tesla Inc. emerged as the weakest performer among the top 20 global companies by market cap, losing approximately 24.5% of its value due to concerns about slowing growth.
Meanwhile, sources within the industry indicate that newly adapted chips destined for China from Nvidia would go head to head with a processor developed by China’s Huawei Technologies. According to insiders, the HA20 is another powerful graphics processing unit (GPU) that will go to artificial intelligence (AI) training customers based in China. Nvidia took pre-orders for the product, with the price for a single card ranging between $12,000 and $15,000, according to industry sources that preferred anonymity due to the issue’s sensitivity. In comparison, the computing capacities of the Huawei Ascend 910B AI chip that marks direct competition with Nvidia’s HA20 are said to be similar. The two chips are also believed to have a comparable price.
The Lenovo Legion Pro 5i 16″ Gaming Laptop, powered by the powerful GeForce RTX 4070 graphics processor, offers a glimpse into the world of high-performance Nvidia chips at a discounted price of $1806.9 on Amazon, marking a 20% savings.
Robert Gelo – News Writer – 62 articles published on Notebookcheck since 2023
I am an experienced technical journalist and editor with a background in public relations, advertising, marketing automation, social media, and artificial intelligence. In early 2021, I joined a registered Salesforce consultancy as its CMO. Before this, I had worked as a technology journalist and editor for business and tech media for a long time. Later, I transitioned to a role as a manager and PR and marketing consultant. Since 2008, I have been employed in marketing, public relations, advertising, and social media, serving a diverse range of clients such as Epson, Cisco, Oracle, SAP, Discovery, and SDL.
I enjoy riding my bike outside of work, especially on gravel and MTB trails. In my free time, I occasionally play the electric guitar and am fascinated with vintage guitars and tube amplifiers.
Robert Gelo, 2024-02- 3 (Update: 2024-02- 3)
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