Nvidia is a leading chip maker that recently became the world’s most valuable company

 

Nvidia’s remarkable rise is due to its strong position in producing the chips essential for artificial intelligence (AI), which analysts call the “new gold or oil in the tech sector.” 

“The generative AI journey is really transforming businesses and telcos around the world. We’re just at the beginning.”

Analysts at Wedbush Securities echoed this optimism. “We believe over the next year the race to a $4 trillion market cap in tech will be front and center between Nvidia, Apple, and Microsoft,” they stated in a note earlier this week.

Nvidia’s sales and profits have often exceeded analyst expectations. In May, following the release of its latest financial results, Quilter Cheviot technology analyst Ben Barringer said the company had “once again cleared a very high hurdle.” He added, “Demand is showing no signs of switching off either.”