TECH - Jensen Huang And Nvidia: Riding High On AI But For How Long? | Benzinga
In a historic moment for Nvidia (NASDAQ:NVDA), CEO Jensen Huang, aged 61, witnessed his company momentarily eclipse Microsoft (NASDAQ:MSFT) as the most valuable company globally, boasting a market valuation of $3.34 trillion.
What Happened: This pinnacle achievement marks a significant milestone for Nvidia, which had previously teetered on the edge of bankruptcy during the 1990s. Despite its spot behind Microsoft, with Apple (NASDAQ:AAPL) close on its heels, Nvidia’s brief tenure at the top underscores its dramatic transformation from a specialized graphics card manufacturer to a pivotal player in the generative AI surge, reported Business Insider.
Driven by soaring demand for its GPUs by major tech firms such as Meta, Google, and OpenAI, Nvidia has become integral to the development of advanced AI technologies. The company’s first fiscal quarter results reflected this surge in demand, with ...