"Artificial intelligence has powered much of the stock market's growth since late 2022. When ChatGPT launched that November, it proved how useful generative AI could be, and investor excitement exploded. Since then, the six largest tech companies have collectively gained more than $8 trillion in market value. Two of the biggest beneficiaries have been Nvidia (NASDAQ: NVDA) and Broadcom (NASDAQ: AVGO), whose market caps have soared 681% and 378% over that period."
"Nvidia's GPUs power nearly every major AI hyperscaler and data center today. Its H100 accelerators are considered the gold standard for AI processing thanks to their ability to handle enormous computing demands quickly and efficiently. The company is now preparing to launch its next-generation Blackwell chips, which will be even faster and more powerful. Demand is so strong that Blackwell supply is already sold out through the end of 2025, and Nvidia is already developing its follow-up architecture, code-named Ruben."
Artificial intelligence powered much of the stock market's growth since late 2022, sparked by ChatGPT's November launch and surging investor enthusiasm. The six largest tech companies collectively gained more than $8 trillion in market value. Nvidia and Broadcom led gains, with Nvidia up 681% and Broadcom up 378%. Nvidia's valuation rose from $416 billion to over $3.25 trillion, while Broadcom climbed from $230 billion to more than $1.1 trillion. Nvidia's GPUs and H100 accelerators dominate AI hyperscalers and data centers. Blackwell chips are sold out through 2025 and Ruben development is underway. Nvidia's data-center revenue reached $30.2 billion in a single quarter.
Read at 24/7 Wall St.
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