Apple Shows It Can Run Artificial Intelligence Without Overpriced Nvidia GPUs

Summary:

  • Nvidia Corporation is toying around with a $3 trillion valuation, making it one of the largest companies in the world.
  • The company’s largest customers are building their own GPUs and Apple’s recent announcement shows that Nvidia isn’t needed for cutting edge artificial intelligence.
  • The market remains optimistic about the potential of artificial intelligence, despite limited evidence of its long-term earnings potential.

Ports view showing HDMI and Display Ports of ASUS ROG STRIX Nvidia GeForce RTX 4090 GPU 24GB Tweak III, High End Graphics Card with box, in Dubai, United Arab Emirates- March 16, 2023

Adnan Ahmad Ali

Nvidia Corporation (NASDAQ:NVDA) is pushing around the $3 trillion valuation on the back of strong earnings and demand for its product. The company has crossed a superficial threshold, as the company is now


Analyst’s Disclosure: I/we have a beneficial short position in the shares of NVDA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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