As we know, a new computing era has begun. Corporates around the world are shifting to more powerful computing that can handle generative AI. Nvidia’s chips are at the forefront of an industry-wide AI race. Its shares rose 4.8 per cent to $493.70 at NY. It has become a key beneficiary of AI computing boom. Data centres are stocking up the company’s processors. These chips are adept at handling heavy workloads required by AI. As we know there is global chip slump and Nvidia has witnessed accelerated sales growth.

Nvidia has become the first-ever semiconductor company to get a $1 trillion market valuation. It has become the main supplier of infrastructure required to support the graving use of AI systems.