It seems that the difficult period that Nvidia went through during the past year has passed, with the company’s market value increasing by more than $ 200 billion since the beginning of 2023.
After two years of prosperity, the chip company lost half of its value, or $300 billion, in 2022 amid fears of an economic recession, which affected purchases of technology products.
And these circumstances caused the company to be ousted from the list of the 20 largest companies in terms of value in the world.
The company acknowledged that these circumstances caused the accumulation of large levels of stocks, as it had large quantities of the graphics processing unit, amid declining demand from users, especially game developers.
In one session… Nvidia’s value recovered by $75 billion
But things witnessed a huge shift in 2023. Since the beginning of the year, the company’s shares have risen by about 62%, or about $230 billion in value.
In just one session – yesterday’s Thursday session – the company’s market value increased by $ 75 billion, after it revealed the results of its business for the last quarter of 2022.
Artificial intelligence is the key to Nvidia’s big wins, especially ChatGPT, which is revolutionizing the world of Internet search.
Experts predict that Nvidia will become among the biggest winners in the era of artificial intelligence because the company designs the necessary graphics processing unit for artificial intelligence applications.
And Microsoft this week sealed a 10-year deal that makes Call of Duty and other Activision games available on Nvidia’s gaming platform.
