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Nvidia's AI 'tipping point' to 'enviable' dominance

Reuters Videos
Updated

STORY: Nvidia forecast quarterly revenue above estimates on Wednesday and announced a stock split, lifting its shares to record-high territory and impressing investors who have tripled the chipmaker's market value in the past year on AI optimism.

Nvidia had been working on AI chips for "probably a decade", Halter explained, but had its "watershed" moment when OpenAI launched ChatGPT in November of 2022. Since then, demand for Nvidia's chips has skyrocketed.

"From all indications, and their ability to charge $40,000 per chip," Halter said, "they do have something here that the other [chipmakers] don't."