Nvidia’s share price drops along with other AI firms, but all is peachy as they collectively remain some of the most valuable companies on the planet-
The onset of AI has clearly been a fortuitous development for Nvidia, as well as for other companies cemented in the AI industry. But there’s rarely a linear path for companies even in such promising markets, and we see hints of this now with Nvidia’s and other AI companies’ share prices starting to drop.
As the BBC points out, share prices have dropped for a number of tech companies in both the US and Asia. This includes Nvidia, which has seen its shares drop by 6.8%. Other companies facing losses include Google’s parent company Alphabet, Apple, Microsoft, and Tesla.
Although we PC gamers might sometimes be loathe to admit it, Nvidia is an AI company, now, not a PC gaming company. And although it’s been a titan supplier for the datacentre industry prior to AI, the company has skyrocketed by pretty much every metric since the AI boom, as it’s currently the number one seller of chips for AI workloads. Heck, Nvidia became the world’s most valuable company just one month ago.
And we should certainly remember this when we hear talk of share prices falling. Nvidia is still the AI titan it was last month, as are the other AI companies now seeing downturn. To take ano…
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