NVIDIA Victorious Win In October Fall 2024!

As investors increasingly place their hopes on the chip maker's crucial position in the AI business, shares surged as high as 3.4% on June 18, overtaking Apple and Microsoft. At $135.58 per share, Nvidia's market value surged to over $3.35 trillion. During a tech stock surge in recent weeks, Nvidia has been competing with Apple and Microsoft for the highest market valuation. Nvidia overtook Apple earlier this month to take the second-highest position, but Apple quickly reclaimed it after announcing its AI plan and a big deal to include OpenAI's ChatGPT technology into Apple devices.Nvidia: A Pioneer For Artificial Intelligence(AI) (Source: Google Images) Curtis Priem, Chris Malachowsky, and Jensen Huang started Nvidia in 1993. The company's first focus was on creating GPUs for the rapidly growing video game market. These GPUs were created to manage intricate graphics computations, enhancing the visual realism and impact of video games. Nvidia became a dominant force in the gaming business because of early triumphs like the RIVA series and later the GeForce line. But Nvidia had much more in mind than just gaming. Nvidia made significant investments in research & development to investigate new applications after realizing the potential of their GPU technology. The parallel computing platform and API architecture known as CUDA (Compute Unified Device Architecture) was developed as a result of this insight. CUDA made it possible for GPUs to do general-purpose computing tasks, creating new opportunities in data analytics, artificial intelligence (AI), and scientific research. The shift to AI was, in fact, Nvidia's true game-changer. There is an unquenchable need for processing power due to the proliferation of AI and machine learning applications. With their capacity for parallel computing, Nvidia's GPUs were perfectly adapted to satisfy this need. This unexpected and extremely beneficial alignment of technological potential with market need occurred. AI researchers and tech behemoths like Google, Amazon, and Microsoft have come to favor Nvidia's GPUs. Data centers and supercomputers throughout the world were powered by the company's GPUs, solidifying Nvidia's position in the AI ecosystem. By 2020, Nvidia's AI-driven business strategy was well-established, and for the first time, data center and AI revenues surpassed gaming revenues. The Constant Rush For Achieving Market Ascendancy ~ (Source: Google Images)  Over the last 12 months, Nvidia's stock has risen by over 215%, and in the last five years, it has soared by over 3,400%. Nvidia's stock has increased by 175% so far this year, whereas Microsoft's stock has increased by less than 19% in 2024. On June 13, 2023, Nvidia's market value surpassed $1 trillion for the first time. The stock experienced the quickest rise from $1 trillion to $3 trillion in history on March 1, 2024, when it broke the $2 trillion mark. On June 5, it swiftly cleared the $3 trillion benchmark.The ranking serves as another reminder that a lot of investors are concentrating on AI. With its highly sought-after chips that power data centers doing complicated computational operations required by AI applications, Nvidia is seen as the largest and first beneficiary of the technology.This change in ranking emphasizes how crucial AI is to investors. With its highly sought-after chips, Nvidia holds a commanding market position and is usually considered the leading and primary beneficiary of the mainstream adoption of AI technology. Apple only recently revealed its AI activities, which resulted in a recent stock spike that pleased investors, while Microsoft is recognized as an early AI leader because of its investment in the relationship with OpenAI, the company that created ChatGPT.  According to Daniel Ives, an analyst at Wedbush Securities, analysts predict fierce competition between Nvidia, Apple, and Microsoft for the first $4 trillion market cap in the tech sector.  (Source: Google Images) “They’re not just selling chips, they’re selling systems,” stated Michael Lippert, vice president and portfolio manager at Baron Capital Inc. He cited Nvidia's ecosystem and proprietary software as key differentiators.

India's IT Set to Lead the Global AI Revolution, Says Nvidia's Jensen Huang

India's IT industry is poised to take center stage in the global artificial intelligence (AI) revolution, according to Jensen Huang, CEO of Nvidia. In a recent statement, Huang emphasized that India's vast population of IT professionals, coupled with their eagerness to acquire AI-native skills, positions the country as the "front-office" of this transformative technology. With India's government committing to reskilling its workforce and fostering AI value addition within the country, the stage is set for India to become a major player in the AI landscape. Reskilling India's IT Professionals for AI Huang acknowledged that India boasts the largest population of IT professionals worldwide, making it an ideal candidate for reskilling in AI. He expressed confidence in the Indian workforce's ability to adapt and equip themselves with AI-native skills, which will enable them to spearhead the AI revolution. Huang believes that by transitioning from being the back-office of companies to the front-office, India's IT industry can play a pivotal role in creating value through AI. India's Shift towards AI Value Addition During his conversations with Prime Minister Narendra Modi, Huang highlighted the significance of India's involvement in AI value addition rather than solely exporting data for training large language models. Prime Minister Modi aptly compared the situation to not exporting flour to import bread, stressing the importance of creating value within India rather than relying on external sources. Huang echoed this sentiment, emphasizing that AI has immense potential in various domains such as engineering, marketing, sales, finance, and business operations, all of which can be revolutionized by integrating AI technologies into the front office. The Market Opportunity for India Huang expressed his enthusiasm for the market opportunity that lies ahead for India's IT industry. By embracing AI and positioning itself as the front-office, India can tap into a vast market and create innovative solutions across industries. Huang's excitement stems from the potential application of AI in transforming various sectors, including but not limited to technology, internet, finance, and healthcare. With India's IT professionals at the forefront of this revolution, the country is poised to become a global AI hub. Nvidia's Role in India's AI Journey Regarding Nvidia's involvement in India's AI landscape, Huang humorously stated that he is "open to business" when asked about the Indian government's commitment to importing 10,000 GPUs. The approval of the India Artificial Intelligence Mission, aimed at bolstering computing infrastructure, presents a significant opportunity for Nvidia to contribute to India's AI ecosystem. Startups will have access to thousands of graphics processing units (GPUs) through a dedicated marketplace, fostering research and development initiatives and benefiting the overall AI ecosystem in India. Partnerships and Collaborations Nvidia's efforts in India extend beyond government collaborations. Several private companies, including Reliance Industries, Yotta Data Services, and Netweb Technologies, have already collaborated with Nvidia to develop and deploy GPU-based servers in India. The deployment of Nvidia's Blackwell GPU chips, capable of processing trillion-parameter AI models at unprecedented speeds, will power various leading companies, including Amazon Web Services, Dell Technologies, Google, Meta, Microsoft, OpenAI, Oracle, Tesla, and xAI. Additionally, sovereign AI clouds, such as India's Shakti Cloud offered by Yotta Data Services, will leverage Nvidia's technology to cater to the country's data storage needs. As India's IT industry transforms into the front-office of companies worldwide, the potential for groundbreaking AI-based solutions and innovations is immense.