Nvidia’s H100 Chip Sparks AI Revolution, Boosting Value by $1T As It Unveils New Chips for China

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In 2023, Nvidia Corp (NASDAQ:NVDA) revolutionized the artificial intelligence (AI) and computing industries with the release of its H100 data center chip, contributing over $1 trillion to the company’s value and solidifying its position as a leader in AI technology. 

This week, Nvidia reported fourth-quarter revenue of $22.10 billion, higher by 265% year-over-year, above the Street consensus of $20.62 billion. The adjusted EPS of $5.16 beat the Street estimate of $4.64.

The H100 chip, four times faster than its predecessor, the A100, in training large language models (LLMs) and 30 times faster in responding to user prompts, has seen such high demand that customers face up to six-month wait times, Bloomberg reports.

Nvidia’s …

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