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NVIDIA has recently joined an elite bunch of publicly listed USA companies with valuations of $1 trillion (or more) - Team Green's share price moved beyond $412 today (May 30), having climbed by more than 30% over the past week. The company's stock value has been reported to have tripled in the span of eight months - this performance surprised a certain subset of financial analysts - having predicted (earlier this year) an overall industry downturn in demand for enterprise hardware. Back in April HSBC raised their recommendation on Nvidia stock to "Buy," the cited reason being an increased uptake of AI processing platforms.
NVIDIA's overall revenue growth was flat in 2022 with profits halved - this led to slightly reduced wages for parts of the executive team (most notably CEO Jensen Huang), but the multinational technology company's fortunes are set to turn around significantly over the course of this current financial year (2023-2024). Intel and AMD are slowly catching up with the market leader in the field of AI processing, with the development of rival technology. It will be interesting to see whether demand for NVIDIA AI GPUs will continue to grow, when alternative products hit the market.
View at TechPowerUp Main Site | Source
NVIDIA's overall revenue growth was flat in 2022 with profits halved - this led to slightly reduced wages for parts of the executive team (most notably CEO Jensen Huang), but the multinational technology company's fortunes are set to turn around significantly over the course of this current financial year (2023-2024). Intel and AMD are slowly catching up with the market leader in the field of AI processing, with the development of rival technology. It will be interesting to see whether demand for NVIDIA AI GPUs will continue to grow, when alternative products hit the market.
![](https://www.techpowerup.com/img/A1b9E5MMkC08lcze_thm.jpg)
![](https://www.techpowerup.com/img/omlkjbJG223tfSTp_thm.jpg)
![](https://www.techpowerup.com/img/INgqvJSdLJUoogHO_thm.jpg)
View at TechPowerUp Main Site | Source