NVIDIA Won’t Forget About Gamers Now That AI Propelled It to the Big Leagues, Says CEO

wccftech.com:

NVIDIA registered the second biggest one-day increase in capitalization ever last week, following the incredibly positive Q1 2024 earnings where the tech company managed to beat quarterly revenue expectations by 13% while forecasting much higher (a 55% increase) revenue than previously estimated for the next quarter.

In the span of a single day, NVIDIA's market capitalization rose by $224.19 billion, the largest one-day jump with the exception of PetroChina's groundbreaking $597 billion increase back in 2007. The company is now close to the trillion dollar capitalization, not too far from the Big Tech club of Alphabet, Apple, Amazon, and Microsoft.

This incredible achievement is largely due to NVIDIA's timely investments in AI hardware and software. Indeed, as recapped by our hardware colleagues, CEO Jensen Huang's Computex 2023 keynote focused a lot on AI news and announcements. However, over the thirty years of its existence, NVIDIA has been primarily known as a graphics card unit (GPU) manufacturer, as Wccftech readers know very well.

During a roundtable Q&A at Computex 2023, PC World's Gordon Ung asked NVIDIA CEO Jensen Huang whether PC gamers are right to fear that the company's attention has shifted elsewhere. Huang seemed a little taken back by that idea, pointing out that the first AI project was the creation of DLSS for gamers and the first

Number one, RTX was invented for gamers and for RTX, the technology, the most important technology is AI. Without AI, we could not do ray tracing in real time. It was not even possible. And the first AI project in our company—the number one AI focus was Deep Learning Super Sampling (DLSS). Deep learning. That is the pillar of RTX.

Number two, notice what we did with generative