Nvidia reports 262% jump in sales, signaling continuing AI boom

The company responsible for most of the computing power behind the AI video boom, Nvidia, reported a 262% jump in sales. Investopedia Editor In Chief Caleb Silver details why the company has such a big lead over its competitors.
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#Nvidia #AI #ArtificialIntelligence

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NVDA has come to show AI stocks can keep rallying, Amazon and a host of others doing well on the scenes.

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Called it how could you not?

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There's nothing beyond GPU for AI in Present Times.

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What is this AI doing anyway? What's the use??

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Medical, computers, robotics, transports, media... Pretty much all sectors will benefit from AI. The general consumer only sees ChatGPT / silly images and videos, but the application for companies is huge.

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Efficiency

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AI will be taking your job soon.

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it will also be used in war. imagine killer drones with the artificial intelligence built from troves of data. It will eliminate targets faster than any Ukrainian operator.

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@@michaelmai281 It's designate, then fire-and-forget. Multiple drones will collaborate with each other to efficiently and accurately take out multiple targets. Would not be surprised if Anduril has something like that.

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Chips to warm the world

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Calling it "Artificial Intelligence" is only for marketing purposes. Technically, it is "Brute Data Force" because it needs tons of electricity and is bad for the environment.

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RTX 4080 = $1200 x the world.

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