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Old 23-02-2024, 01:08 PM #1
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Default Nvidia’s stock market value rose $273 billion in a day

Nvidia’s stock price jumped 16% on Thursday, increasing the company’s market value by a staggering $273 billion in just one day, a record amount.

The chipmaker has been seeing soaring demand for its semiconductors, which are used to power artificial intelligence, or AI applications. The company’s revenue more than tripled in the latest quarter compared with the same period a year earlier.

It’s the latest sign that the excitement surrounding artificial intelligence likely won’t subside anytime soon. Nvidia, which has positioned itself as one of the most prominent players in AI, has been producing some eye-popping numbers. Here’s a look:

The amount Nvidia Corp.’s market value increased on Thursday alone, according to FactSet. The previous record one-day jump was Meta Platform’s gain of $205 billion on Feb. 2 of this year. In other words, Nvidia’s one-day gain is more than the total market values of market stalwarts Bank of America ($265 billion) and Coca-Cola ($263 billion). In all, just 26 of the 500 companies in the S&P 500 have market caps above $273 billion, including Nvidia.

Nvidia’s total market value as of the close of trading Thursday. It recently passed Amazon and Alphabet to become the third most valuable public company, behind Microsoft ($3.051 trillion) and Apple ($2.845 trillion). The company was valued at around $580 billion a year ago.

https://apnews.com/article/nvidia-ai...197a07e1b871c5
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Old 23-02-2024, 03:31 PM #2
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I've been saying for a while that nVidia is currently one of the most solid investments. Realistically, they have basically zero competition on graphics chips also.
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Old 23-02-2024, 03:45 PM #3
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They power the Google AI

That does not reconise that white people exist

hey hum

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Old 23-02-2024, 04:45 PM #4
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the interesting thing is that that is but one tiny example of where AI has been constructed to be intentionally false and its not just google. I asked chatgpt to tell me a controversial joke and it told me that i was disgusting and then completely closed off chatgpt to me
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Old 23-02-2024, 09:16 PM #5
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Will these be the ones used by China who have made something made by power of mind, and AI.
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Old 24-02-2024, 12:03 AM #6
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Just imagine the kind of Video Games that will be made with AI.

We could have fanmade Sonic Adventure 3 and loads of Crash Bandicoot Games.

But admittedly, AI could also be used for some nefarious stuff, like Child Porn and warfare stuff.

We, as a society, need to be extremely careful with how we use AI technology.
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