Nvidia (NVDA) investors saw the stock gaining +12.71% the last 5 days, which means it sits at +42.26% YTD.
Let's go through the news around Nvidia this week together.
LEGEND: Positive News | Neutral News | Negative News
Nvidia may have a big opportunity ahead of it as the popularity and adoption of ChatGPT keeps rising.
In previous years, Nvidia rode the Blockchain & Bitcoin wave, where it's graphics cards were highly designed by miners, which helped the company generate plenty of free-cash-flow (FCF), allowing them to reinvest in the business. This time around, it looks like ChatGPT and AI is the wave - and investors should be aware of the potential (positive) impact.
As the usage of ChatGPT continues to rise, the need for processing and high end GPUs (from Nvidia) keeps rising. Analysts are predicting that this new revenue stream could bring in between $3-11 BILLION in revenue for Nvidia over the next 12 months - that's a lot of GPUs!
Sweden plans to upgrade their supercomputer (Berzelius) using the latest Nvidia technology. It currently uses 60 AI systems from Nvidia, and they'll be adding another 34 systems - over a 50% upgrade.
This is a powerful supercomputer, that uses Nvidia's AI to help with disease research and understanding.
It's also able to answer questions in Swedish thanks to it's language models it developed (it can translate to Swedish). This is also an area of continued focus to support even more languages in the future.
We look forward to spending a few minutes with you next Sunday for some new Nvidia news!
Disclosure: I am a Nvidia Corp. (NVDA) shareholder at the time of publishing.
