05/26/2023

Why Nvidia is Suddenly One of the Most Valuable Companies in the World

The AI boom has made the chip maker an unlikely kingmaker

You may not have heard about Nvidia, but thanks to the artificial intelligence boom it's now one of the most valuable companies in history.

The company has for years made the computer chips that can run graphics-heavy video games. But several years ago, artificial intelligence researchers began using those same chips to run the powerful new algorithms that were causing breakthroughs in the field.

This week, the company reported earnings and explained the incredible surge in demand it has seen as the tech world races to create new versions of AI — prompting potentially the largest one-day increase in a company's value, ever.

Please select this link to read the complete article from The Washington Post.