Gå ubegrenset med Magzter GOLD
Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare
Nvidia revenue more than triples as AI 'hits tipping point'
The Straits Times
|February 23, 2024
CEO says demand for its chips will continue to grow, thanks to generative Al boom
-
SAN FRANCISCO - Nvidia, the kingpin of chips powering artificial intelligence, released quarterly financial results that reinforced how the company has become one of the biggest winners of the AI boom, and it said demand for its products would fuel continued sales growth.
The Silicon Valley chipmaker has been on an extraordinary rise over the past 18 months, driven by demand for its specialised and costly semiconductors, which are used for training popular AI services like OpenAI's ChatGPT chatbot. Nvidia has become known as one of the "Magnificent Seven" tech stocks, which along with others like Amazon, Apple and Microsoft have helped power the stock market.
Nvidia's valuation has surged more than 40 per cent to US$1.7 trillion (S$2.3 trillion) since the start of 2024, turning it into one of the world's most valuable public companies.
Last week, the company briefly eclipsed the market values of Amazon and Alphabet before receding to the fifth-most-valuable tech company. Its stock market gains are largely a result of repeatedly exceeding analysts' expectations for growth, a feat that is becoming more difficult as they keep raising their predictions.
Denne historien er fra February 23, 2024-utgaven av The Straits Times.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA The Straits Times
The Straits Times
Back to The Grind on screen
Actors Chantalle Ng and Richie Koh reunite to play a couple working in the same company in the corporate drama
3 mins
December 20, 2025
The Straits Times
MAX HAS GOAL AFTER GOLD
S'pore kitefoiler ready for 2026 challenges, which includes reclaiming world c'ship title
3 mins
December 20, 2025
The Straits Times
3 doors, 4 wheels, many personalities
The Mini JCW Cooper 3Dr offers fun and finesse with style and substance
3 mins
December 20, 2025
The Straits Times
Cavaliers wary of Bulls' Giddey in 'rematch'
The Bulls held serve in Chicago, winning the first half of their back-to-back against the Cleveland Cavaliers behind a triple-double from Josh Giddey on Dec 17.
2 mins
December 20, 2025
The Straits Times
Suspected gunman in Brown University mass shooting found dead
The suspect in last weekend’s mass shooting at Brown University is dead from a self-inflicted gunshot wound, with investigators certain that he also killed a Massachusetts Institute of Technology (MIT) professor two days later, officials said on Dec 18.
2 mins
December 20, 2025
The Straits Times
Baht rallies to 3-year high against Singdollar
But Thailand's slowing growth, fiscal policies and political uncertainty may curb currency's rise: Experts
3 mins
December 20, 2025
The Straits Times
Co-op doctors and social workers join forces for more seamless care
Three-month pilot will see them collaborate through referrals, co-management of cases
3 mins
December 20, 2025
The Straits Times
Indonesian pro-government parties open to scrapping direct regional elections
Political parties behind President Prabowo Subianto's administration are open to his suggestion of scrapping the current system of direct elections for regional heads.
3 mins
December 20, 2025
The Straits Times
Knife-wielding attacker kills three in Taipei, dies during police chase
Three people were killed and five injured when a knife-wielding attacker went on a rampage in central Taipei on Dec 19, before dying during a police chase after falling from a building, the Premier said.
1 min
December 20, 2025
The Straits Times
Police probing case of man injured near Tampines MRT station
The police are investigating an incident that left a man injured near Tampines MRT station on the evening of Dec 19.
1 mins
December 20, 2025
Translate
Change font size