ChatGPT использует мощные графические процессоры от Nvidia (NASDAQ: NVDA) for processing large amounts of data and generating responses to user requests.
ChatGPT – it's a new technology, developed by OpenAI, which allows users to communicate with artificial intelligence in a dialogue format. ChatGPT is able to generate text on various topics, anwser the questions, admit mistakes and refuse inappropriate user requests. ChatGPT generated a lot of interest and enthusiasm among users and developers, and also stimulated competition among the largest technology companies in the field of artificial intelligence.
One such company is Nvidia. (NASDAQ: NVDA), leader in GPU manufacturing (GPU), which are used to train and run neural networks, underlying ChatGPT. Nvidia partners with OpenAI and Microsoft (NASDAQ: MSFT), partner of OpenAI, supplying them with our most powerful and fastest GPUs to support ChatGPT. For example, OpenAI uses Nvidia H100 GPU, which is on 2,6 times faster than its predecessor, GPU Nvidia A100.
ChatGPT impacted Nvidia's share price and % growth for several reasons.
- ChatGPT boosts demand for Nvidia GPUs from big tech companies, such as Microsoft, Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) and Meta (NASDAQ: META), who seek to develop and improve their capabilities in the field of artificial intelligence. According to the media, these three companies plan to spend order 90 billion dollars in capital investments in the current financial year.
- ChatGPT expands market for Nvidia GPUs with new segments and applications, such as chatbots, generation of the text, education, entertainment and the metaverse.
- ChatGPT confirms Nvidia's AI leadership and innovation, strengthening its reputation and investor confidence.
Since the launch of ChatGPT, Nvidia stock has risen by 17% with 226 dollars per share 30 november 2022 year to 264 dollars per share 24 Martha 2023 of the year. This exceeds the growth of the S index&P 500 on 8% for the same period. Analyst forecasts for Nvidia shares have also risen over the past few months. The average target price is 300 dollars per share, which means upside potential 13% from the current level. Expected, that Nvidia's revenue will grow by 18% in 2023 fiscal year
