Nvidia, a giant in the advanced chip-making industry, projected a strong financial report that sent the stocks of their Artificial Intelligence (AI) competitors into an upward surge. With the forecast of their results, stocks of rival chipmaker Advanced Micro Devices Inc. skyrocketed 10%, while suppliers from Taiwan Semiconductor Manufacturing Co. to Advantest Corp. also saw a notable jump. Memory chipmaker SK Hynix Inc. and Europe’s ASML Holding NV, ASM International NV, BE Semiconductor Industries NV, VAT Group AG, and Soitec also increased their market share by more than $260 billion, despite potential external factors such as the U.S. debt limit and China’s economic downfall.
Nvidia Corporation is an American technology company based in Santa Clara, California, specializing in Graphics Processing Unit (GPU) design and artificial intelligence (AI). It is the inventor of the GPU, which created a platform for the creation of 3D graphics and visualization. Nvidia is renowned for offering one-step technologies for accelerating data science and analytics workloads. They are a leader in providing innovative products such as GPU-accelerated data centers, graphics and multimedia, artificial intelligence, and autonomous vehicles.
Jensen Huang is the founder of Nvidia Corporation and its current CEO. Huang has had a tremendous impact on the gaming, data center, and professional graphics industries over the past 25 years. He has been lauded for his passion and dedicating in transforming Nvidia from a graphical software firm to one of the leaders in the revolution of computing and visualization. As the leader of the firm, Jensen Huang leads the vision of the company in developing technologies that can aid humans, such as autonomous vehicles and pervasive AI.
