Riding a valuation pumped up by generative AI and its chips that power many of the tools, Nvidia’s market cap has passed not only Apple but now Microsoft, too, at more than $3.3 trillion, as reported by Bloomberg.
The markets are still open, but the rise has been fast — Nvidia shares are up 160 percent in 2024, passing $2 trillion in February.
Nvidia has updated its new beta app with 120fps AV1 video capture, one-click automatic GPU tuning, and an improved overlay today. The Nvidia app is designed to combine GeForce Experience and the Control Panel into a single app. Nvidia is planning to add the remaining Control Panel options in future updates, including display and video settings and DLSS controls. Multi-monitor support for RTX HDR is also coming soon.
The free VLC media player will soon get Nvidia’s RTX Video HDR feature on top of its existing Super Resolution support. RTX Video HDR uses AI to convert SDR color space videos into HDR ones, ideal for the latest crop of OLED HDR monitors. DaVinci Resolve is also getting RTX Video support to upscale lower-quality videos up to 4K and HDR.
It lets modders bring modern graphics to old games, including but definitely not limited to ray-traced Half-Life and Half-Life 2. This month, there’ll be an SDK to extend it beyond DX8 and DX9 games, new AI modding tools, and more in open source.
Nvidia CEO Jensen Huang is on stage at Computex talking about how much better GPUs are for AI tasks than CPUs. Nvidia just made $14 billion of profit in a single quarter thanks to AI chips. “The more you buy, the more you save,” Huang jokes. “That’s called CEO math. It’s not accurate, but it is correct.”
Nvidia is gearing up for more AI announcements during its Computex 2024 keynote. CEO Jensen Huang will take the stage in Taiwan at 7AM ET / 4AM PT / 12PM UK today to detail more of Nvidia’s AI plans. While it’s unlikely we’ll hear about RTX 5000 GPUs, I’m sure Nvidia will have some GeForce-related news. You can tune in, below.
