Nvidia may once again have a golden opportunity. The semiconductor maker could be one of the big winners from the success of ChatGPT, the trendy new artificial intelligence tool that some see as the dawning of the golden age of AI. ChatGPT recalls the cryptocurrency mining prompt which had been very lucrative for Nvidia and its Graphics Processing Units (GPUs)– Nvidia GeForce GTX 1070, Nvidia GTX 1080 Ti and Nvidia GeForce GTX 1060. These GPUs are obviously in competition with those of AMD. Mining is the process of creating cryptocurrency using your computer. But generating cryptocurrencies like Bitcoin (BTC) involves complex problem solving and/or computation, which only very powerful processors can do. Since a GPU also consists of a powerful processor, as a result it can be used for cryptocurrency mining, and this process is called graphics card mining. Between $3 and $11 Billion in Revenue So when cryptocurrency prices skyrocket like in 2021, miners around the globe rush to buy GPUs made by Nvidia and AMD ( AMD ) – Get Free Report . But conversely when cryptocurrency prices fall as has been the case since 2022, GPU prices also collapse with a huge impact on the revenues […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
