Nvidia Overtakes Meta, Tesla by Market Cap as Firm Captures AI Hype

Minty News


Nvidia's market capitalization has surpassed that of other tech giants such as Berkshire Hathaway, Meta, and Tesla following their latest earnings report which reveals the great success the company has had amid the AI hype. At Computex 2023, the CEO showcased a suite of AI tools named Nvidia Avatar Cloud Engine (ACE), which could revolutionize gaming development by enabling video game characters to generate their unscripted dialogues in real-time. Apart from Nvidia, other tech giants such as Meta, Microsoft, and Alphabet, as well as AI hardware manufacturers including Advanced Micro Devices, Taiwan Semiconductor Manufacturing, and Micron Technology, have also experienced significant gains due to their significant investments in the technology. Overall, AI investment continues to be a key factor driving growth in the tech industry.

Source: Decrypt

Original Link: https://decrypt.co/142805/nvidia-overtakes-meta-tesla-market-cap-firm-captures-ai-hype