Nvidia, the leading provider of graphics cards and AI computing solutions, has witnessed a remarkable surge in its shares as global demand for its products continues to escalate.

Companies such as Amazon, Meta Platforms, Microsoft, and Alphabet’s Google, which collectively constitute nearly 40% of Nvidia’s revenue, are aggressively investing in hardware for AI computing, propelling Nvidia’s market capitalisation to unprecedented heights.

Chief Executive Officer Jensen Huang attributed the surge to the tipping point reached by accelerated computing and generative AI technologies.

Huang expressed, “Demand is surging worldwide across companies, industries, and nations,” signaling a widespread adoption of Nvidia’s offerings.

Originally established in 1993 as a provider of graphics cards for gamers, Nvidia has expanded its reach dramatically in recent years, especially within the AI computing domain.

The company’s H100 accelerators have gained legendary status in the tech world, with high demand from various sectors.

Democratising AI tech

Recognizing the potential beyond data-center giants, Nvidia is striving to democratise AI technology globally.

Huang has been advocating for governments and corporations to develop their own AI systems to safeguard data and gain competitive advantages.

A recent partnership with Cisco Systems further extends Nvidia’s reach by providing a new distribution channel.

Under this agreement, Cisco will assist in selling complete AI systems to enterprises, leveraging its position as the world’s largest networking gear provider.