Nvidia could soon surpass Apple to become the world's second-most valuable company, as the biggest beneficiary of the surge in adoption of AI applications

Nvidia, capitalising on the rapid adoption of AI applications, is poised to overtake Apple as the world's second-most valuable company. This potential shift threatens to displace Apple, which has dominated Wall Street's market value rankings for years.

Nvidia reported a net profit of $14.9 billion, while its revenue was $26 billion

The 11 sellers of the chips were little-known Chinese retailers. Reuters could not determine whether, in fulfilling the orders, they used stockpiles acquired before the US tightened chip-export restrictions in November.

In other words, the world is in disunion not just from wealth and income disparities, but through the widening digital and knowledge application gaps.

NVIDIA, the multinational tech company, has recently announced the GB200 Grace Blackwell Superchip and the Blackwell B200 GPU, technologies with the potential to significantly advance the field of large-language models (LLMs) for generative AI.

Nvidia briefly hit a market value of US$2 trillion on February 23, 2024, marking a record growth in stock for the multinational tech company. As per reports, this rise has occurred due to the current global market's high demand for AI chips, thus positioning Nvidia as a key player in the AI industry.

Bezos had committed $100 million through his firm Explore Investments LLC and Microsoft is investing $95 million, while Nvidia and an Amazon-affiliated fund are each providing $50 million

Nvidia reported profit of $12.3 billion on record revenue of $22.1 billion, and record high FY revenue of $60.9 billion

Nvidia is the third-most valuable US company and showing more evidence of how central AI-related bets have become to investors

At a record high of $734.96, Nvidia was worth $1.82 trillion in market value, compared to $1.81 trillion for retail giant Amazon.com

Nvidia, the US-based graphics chip company, has recently donated $15 million to non-profits aiding civilians affected by the ongoing Israel-Palestine War. Among this $15 million is $5 million from Nvidia employees from over 30 countries.

Artificial Intelligence or AI as it’s more commonly known, has been the buzz of the tech world recently. AI has revolutionised the technology ecosphere and disrupted the market with significant brute force. Tech startups have utilised the power of AI to develop innovative ideas that benefit their customers in a number of ways giving them a significant advantage in the market. We will discuss some of the many facets of AI startups and how they affect our present and future.

Nvidia has launched the new RTX 40-series GPUs. The RTX 4090 and RTX 4080 are now both officially released following months of rumours and a recent tease from Nvidia. The RTX 4090 will be available on October 12th for $1,599, while the RTX 4080 will go on sale in November starting at $899. The next-generation Ada Lovelace architecture from Nvidia powers both.

US graphics card maker Nvidia recently announced that it will be officially launching its RTX 40 series GPUs in the global market next month.

A US jury has ordered technology giant Apple to pay more than $234m (£152m) in damages for patent infringement.