How Nvidia’s H100 chip transformed industries, added $1trn in value and secured AI dominance

In 2023, Nvidia's H100 chip, a graphics processor, revolutionised industries, adding over $1 trillion to the company's value and establishing it as an AI powerhouse. Named after Grace Hopper, it excels in training large language models, outpacing its predecessor by four times. Nvidia's dominance, with an 80% market share, remains unchallenged, as competitors struggle to match its pace of innovation. With the upcoming H200 and ambitious plans for the B100, Nvidia continues to lead the charge in AI, leaving a lasting impact on businesses and technology worldwide.

Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here.

By Ian King

Computer components are not usually expected to transform entire businesses and industries, but a graphics processing unit Nvidia Corp. released in 2023 has done just that. The H100 data center chip has added more than $1 trillion to Nvidia's value and turned the company into an AI kingmaker overnight. It's shown investors that the buzz around generative artificial intelligence is translating into real revenue, at least for Nvidia and its most essential suppliers. Demand for the H100 is so great that some customers are having to wait as long as six months to receive it.

___STEADY_PAYWALL___