Nvidia Stock ( NASDAQ:NVDA )
Last week, when Nvidia ( NASDAQ:NVDA ) released its fiscal fourth-quarter results , CEO Jensen Huang made no secret of the importance of artificial intelligence in his vision for the company’s future. As a result, Nvidia stock surged today.
According to Huang, Nvidia ( NASDAQ:NVDA ) “is basically the operating system for AI systems today,” and the AI industry is at an “inflection point.” Nvidia stock had a day-after increase in the share price of over 14% due to positive reactions to the company’s earnings report and forecast.
Recently, artificial intelligence (AI) discussions have centered on ChatGPT technology. As a result of the media buzz surrounding ChatGPT, one of the most pressing issues facing investors today is determining the potential size of the market for Nvidia’s AI technology and the profit it stands to make.
Graph processing processors made by Nvidia ( NASDAQ:NVDA ) “are utilized to both train the neural networks responsible and to conduct the inferencing of the queries themselves,” according to a study published by Bernstein analyst Stacy Rasgon on Monday.
Investors are fascinated by ChatGPT because they want to know “what it means,” “how it works,” “how large it will be,” and “who will profit,” as Rasgon put it.
As Nvidia ( NASDAQ:NVDA ) GPU technologies are used by ChatGPT and ...
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