Nvidia CEO Jensen Huang briefly saw his company surpass Microsoft as the most valuable in the world with a valuation of $3.34 trillion, although it has since fallen back. Nvidia’s success is tied to generative AI, with its GPUs in high demand from tech giants for AI model training. The company’s recent record revenue growth shows the demand for its technology, leading to comparisons to the dot-com boom. Analyzing Nvidia’s future, bullish projections see a long runway for growth in the generative AI space, with Huang positioning the company as a key player in this emerging field. However, risks lie in the uncertainty of how long the generative AI boom will last, given concerns about the technology’s limitations and alternative paths forward. Despite these challenges, Nvidia remains in the race alongside Microsoft and Apple for a $4 trillion valuation as it continues to innovate in the AI space.
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https://www.businessinsider.com/nvidia-jensen-huang-ai-demand-chips-microsoft-apple-2024-6?amp
Jensen Huang and Nvidia are banking on the longevity of the AI boom
