According to Bloomberg, the world’s dominant designer and supplier of AI chips saw its shares rise as much as 2.9% today to hit a market capitalisation of $1.83 trillion.
“Amazon was actually among the winners in the current earnings season as Amazon’s outlook is improving,” said Saxo Bank’s Peter Garnry. “Nvidia is just riding the first investment wave of the current AI boom with massive capital expenditures being deployed in data centers.”
Nvidia, which has added some $600 billion in market value this year alone, will report its quarterly earnings on February 21.
VGC reported last summer that development kits for ‘Switch 2’ were in the hands of key partner studios, with a launch expected in late 2024.