K
Kathleen Martin
Guest
Nvidia’s (NVDA) stock price has skyrocketed over the year-to-date, jumping 132% as of Thursday. But CEO Jensen Huang isn’t concerned about share prices overheating. Rather, he sees it as a response to people being excited about the work the chip giant is doing in artificial intelligence.
“Artificial intelligence is unquestionably the most powerful technology force the world has ever known,” Huang told Yahoo Finance Live. “We’re always seeking to improve our performance, improve our efficiency, and improve our growth opportunities. And artificial intelligence is understandably the best way for that going forward. And I think people are excited about that.”
Earlier in the week, Huang kicked off Nvidia’s GTC 2021 conference with a virtual keynote that featured discussions about the company’s efforts in AI, the metaverse, robotics, and self-driving cars.
The most valuable chipmaker in the world with a market cap of $749 billion, Nvidia has gone from functioning solely as a maker of graphics cards for gamers to an AI powerhouse thanks to the processing power of its chips.
Its gaming arm still brings in the majority of its revenue, about 47% to its data center business’s 36%, but that gap is shrinking more and more each quarter. And while the company is dead set on continuing to be the top card maker in the world, investors recognize Nvidia’s AI and data center businesses as an important and growing piece of the company’s overall strategy.
Part of Nvidia’s secret sauce is the fact that while it builds everything from chips to supercomputers, it also produces the software that its customers use to develop their own artificial intelligence capabilities. In other words, the company is a one-stop shop for its clients’ AI needs.
Continue reading: https://news.yahoo.com/nvidia-ceo-ai-is-most-powerful-technology-force-the-world-has-known-161048127.html
“Artificial intelligence is unquestionably the most powerful technology force the world has ever known,” Huang told Yahoo Finance Live. “We’re always seeking to improve our performance, improve our efficiency, and improve our growth opportunities. And artificial intelligence is understandably the best way for that going forward. And I think people are excited about that.”
Earlier in the week, Huang kicked off Nvidia’s GTC 2021 conference with a virtual keynote that featured discussions about the company’s efforts in AI, the metaverse, robotics, and self-driving cars.
The most valuable chipmaker in the world with a market cap of $749 billion, Nvidia has gone from functioning solely as a maker of graphics cards for gamers to an AI powerhouse thanks to the processing power of its chips.
Its gaming arm still brings in the majority of its revenue, about 47% to its data center business’s 36%, but that gap is shrinking more and more each quarter. And while the company is dead set on continuing to be the top card maker in the world, investors recognize Nvidia’s AI and data center businesses as an important and growing piece of the company’s overall strategy.
Part of Nvidia’s secret sauce is the fact that while it builds everything from chips to supercomputers, it also produces the software that its customers use to develop their own artificial intelligence capabilities. In other words, the company is a one-stop shop for its clients’ AI needs.
Continue reading: https://news.yahoo.com/nvidia-ceo-ai-is-most-powerful-technology-force-the-world-has-known-161048127.html
