AI boom makes Nvidia shares more and more expensive
It doesn’t matter what the boom is in the market – games, mining or AI – Nvidia is one of the main beneficiaries. Now, against the backdrop of the rapid development of artificial intelligence, Nvidia shares are growing almost continuously – and they grew to the point that Jensen Huang's brainchild became more expensive than Google's parent company (Alphabet) and more expensive than Amazon.
Nvidia now ranks fourth in the world by market capitalization, behind only Microsoft, Apple and Saudi Aramco.
When it comes to the AI accelerator niche, the Nvidia H100 is a hit: it runs most of the big language models in use today, including ChatGPT and solutions from Microsoft, Meta and Amazon. To replace it, Nvidia is already preparing the H200 with more memory and greater bandwidth.