Nvidia will occupy 60% of the artificial intelligence product market this year

On May 30th, according to foreign media reports, investment bank JPMorgan Chase recently stated in its investment report that Nvidia will occupy up to 60% of the artificial intelligence (AI) product market this year with hardware products such as GPUs and network products.This trend is also reflected in Nvidia's first quarter financial report

On May 30th, according to foreign media reports, investment bank JPMorgan Chase recently stated in its investment report that Nvidia will occupy up to 60% of the artificial intelligence (AI) product market this year with hardware products such as GPUs and network products.

This trend is also reflected in Nvidia's first quarter financial report. It is reported that due to the cyclical slowdown in the gaming department, the company's revenue for the first quarter of the 2024 fiscal year decreased by 13% year-on-year to $7.19 billion. However, during the same period, its data center business revenue reached a record high of 4.28 billion US dollars, a year-on-year increase of 14%, accounting for 60% of its total revenue; The revenue of the gaming business was $2.24 billion, a year-on-year decrease of 38%, accounting for 31% of its total revenue.

Currently, NVIDIA is in a leading position in the AI field, occupying approximately 80% of the AI processor market. Its high-end processors have been used to train and run various chat robots. The company is highly favored by investors and is considered a key supplier to meet the demand for AI computing power.

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