Missed Out on Apple in 2012? Buying Nvidia Stock Today Could Be Your Second Chance
By now, it's clear that artificial intelligence (AI) is the next major technology platform.The new technology featured in chatbots like ChatGPT has rapidly gained adoption, and big tech companies are pouring tens of billions of dollars into data centers to run the computing power required for AI.Thus far, Nvidia (NASDAQ: NVDA) has been the biggest beneficiary of this boom, and it's easy to see why. The company's graphics processing units (GPUs) have been flying off the shelves ever since ChatGPT launched, and demand continues to outstrip supply. Nvidia dominates market share of data center GPUs, a technology the company has been advancing for decades through innovations like its CUDA programming language that makes it easy for developers to write code that can be run directly on Nvidia's GPUs, and build high-performance applications.Continue reading
By now, it's clear that artificial intelligence (AI) is the next major technology platform.
The new technology featured in chatbots like ChatGPT has rapidly gained adoption, and big tech companies are pouring tens of billions of dollars into data centers to run the computing power required for AI.
Thus far, Nvidia (NASDAQ: NVDA) has been the biggest beneficiary of this boom, and it's easy to see why. The company's graphics processing units (GPUs) have been flying off the shelves ever since ChatGPT launched, and demand continues to outstrip supply. Nvidia dominates market share of data center GPUs, a technology the company has been advancing for decades through innovations like its CUDA programming language that makes it easy for developers to write code that can be run directly on Nvidia's GPUs, and build high-performance applications.
