06/08/2023

Edmond de Rothschild (Suisse) SA

AI: DATA WILL BE THE KEY THAT OPENS THE DOOR TO VALUE CREATION

Buoyed by the strong enthusiasm for artificial intelligence, Nvidia entered the very closed circle of giants with a market capitalisation of more than USD 1,000 billion on 30 May. The US manufacturer of graphics processors, and major player in the AI revolution thanks to its supercomputers, is joining the likes of Microsoft, Apple, Amazon, Alphabet and Saudi Aramco. It gained 25% the previous week after publishing better than expected earnings for the first three months of the year and reporting a solid outlook for the coming quarter. The markets also welcomed the announcements by the company, which originally specialised in gaming graphics cards, at the Computex trade show held in Taiwan. Jensen Huang, the founder and President and CEO, presented new products that are particularly promising for the continued rollout of AI.
 
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MONTHLY REVIEW BIG DATA - MAY 2023

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