Nvidia News 8-14-24 (Finance)
August 14, 2024
Nvidia (NVDA) is the current leader in AI technology, and they are a $2.6 trillion company that currently represents 5.8% of the value of the S&P 500 index. Nvidia and the overall market has fell into a slump since the middle of July, but experts are expecting that things will change when the company reports their financial results for the fiscal 2024 second quarter (ended July 31).
Nvidia currently designs the most technical and powerful data chips that are based around processing artificial intelligence (AI). The largest companies in the world use their chips, and with AI becoming more mainstream and powerful, the demand for these chips will only continue to increase.