Nvidia ruled 2024, but 2025 holds tough challenges
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2024 was a great year for Nvidia, making it the clear leader in the AI market with smart technology and investments. In 2025, Nvidia will face increased competition from AMD, Intel, and tech giants like Google, Amazon, and Microsoft, who are developing their own AI chips to reduce reliance on Nvidia’s products. Nvidia has had a great year in 2024. The ranking has placed the company, without a doubt, at the top of the artificial intelligence market. Innovative AI technologies and strategic investments in cutting-edge hardware have fast-tracked this event’s share price and revenue. Nvidia’s 2024 Dominance NVIDIA became the most valuable publicly traded company worldwide by breaking past Apple and crossing $3 trillion. Jensen Huang, CEO took over this company and steered its growth to the maximum that has ever happened. Nvidia products underpin most AI innovation across industries. Nvidia’s Blackwell chip, designed explicitly for AI applications, will drive the market in 2025, however, this success does not predict an easy future for the company. Nvidia’s fortune can be traced primarily to its early investments in AI software and hardware. Its CUDA software helps developers build applications for chips made by Nvidia. Hyperscalers—which include Microsoft, Amazon, Google, and Meta in the massive cloud computing providers crowd rely on Nvidia for the powerful GPUs that are used for AI model training. The company’s business with data centres generated 87% of revenues during the most recent quarter, one major area driving the firm financially. Currently, Nvidia remains at the head of the AI band, and chips from Blackwell are in very high demand. This is further attested to by customers such as Amazon, who already have the data centres readied in preparation for the immense amount of power and heat expected from the new processors being developed. This signifies how Nvidia…
Filed under: News - @ December 30, 2024 12:05 am