This week, Nvidia became the world’s most valuable company with a market capitalization of over $3 billion, surpassing Microsoft. Nvidia’s success is attributed to its dominance in the AI industry, with its GPUs being essential for training AI models. While some draw comparisons to the dot-com era, Nvidia’s profitability and strong business fundamentals suggest it may not be in a bubble. However, caution is advised as history has shown the unpredictability of tech industries. Nvidia’s potential for growth lies in the future applications of AI, such as autonomous vehicles and robots, making it a key player in the evolving tech landscape. Investors are hopeful for the future of AI and Nvidia’s role in it, but caution is advised in the ever-changing tech sector.
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https://nypost.com/2024/06/22/opinion/can-chipmaker-nvidia-remain-worlds-most-valuable-company/
