{"id":4075,"date":"2024-01-09T18:30:08","date_gmt":"2024-01-09T18:30:08","guid":{"rendered":"https:\/\/economicherald.net\/?p=4075"},"modified":"2024-01-09T18:30:08","modified_gmt":"2024-01-09T18:30:08","slug":"nvidia-is-not-having-the-same-2024-the-rest-of-us-are","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=4075","title":{"rendered":"NVIDIA is not having the same 2024 the rest of us are"},"content":{"rendered":"

Nvidia hasn\u2019t had the kind of 2024 that its six fellow gunslingers in the so-called Magnificent 7 have had.<\/p>\n

It\u2019s also most probably unlike anything anyone else has seen this year.<\/p>\n

Before bench-pressing a shiny new all time high on Monday, the microchip maker revealed that no less than four major Chinese electric vehicle (EV) brands will be incorporating NVDA tech into the thinking parts which create China\u2019s leading automated driving systems.<\/p>\n

It was around this time last year that Nvidia joined Apple et al as the latest Wall Street company with a market capitalisation of over $US1tn.<\/p>\n

It\u2019s now regarded \u2013 by a long shot \u2013 as the go-to designer and supplier of microchip processors for anyone who wants to use or abuse the very best AI computing can offer.<\/p>\n

And so, in 2023 it was Nvidia which set alight the Nasdaq-led obsession with AI, the share price more than tripled before Christmas.<\/p>\n

On Monday in New York, traders exchanged over US$32 billion worth of NVDA stock, according to LSEG data.<\/p>\n

Today the company\u2019s market cap looks eminently pumpable at circa $1.3tn.<\/p>\n

\u00a0<\/p>\n

NVIDIA Corp NVDA (1 yr)<\/h2>\n

Via Nasdaq
\n\u00a0<\/p>\n

Big in Beijing, Watched in Washington<\/h2>\n

The China news in particular is fascinatingly market-moving on so many fronts.<\/p>\n

Lookit China\u2019s free-wheeling foray into a driverless future, Nvidia\u2019s multifaceted market traction and perhaps most perplexingly, the chipmaker\u2019s casual success in winning over China in the face of Washington\u2019s attempts to draw a tighter circle around Chinese access to US tech and the apparent gaps in President Joe Biden\u2019s export bans.<\/p>\n

Out front and welcoming any old tech NVDA might be flogging \u2013 no less than the Electric Vehicle unit of Chinese telecommunications giant and Huawei facsimile \u2013 Xiaomi. As well as the top tier Chinese automakers Li Auto, Great Wall Motor and\u2026 Zeekr?<\/p>\n

According to a presso delivered to the big CES tech conference in Vegas, where nothing stays for long \u2013 all four will be using DRIVE technology to power the Chinese company\u2019s variations on the same theme \u2013 automated driving.<\/p>\n

The announcement followed the record high close for NVDA on Monday after the world\u2019s most valuable chipmaker revealed all-new desktop graphics processors which apparently lean heavily on artificial intelligence.<\/p>\n

The trillion USD company\u2019s stock surged almost 6.5% on Monday to its highest close ever at US$522.53.<\/p>\n

Videogame enthusiasts swooned over the new GeForce RTX 40 SUPER Series of graphics processors, while investors eyed moves across China\u2019s burgeoning EV-making market.<\/p>\n

China now boasts a handful of fast moving EV brands the scope and scale of which is surely a key growth market for Nvidia; after all, the chipmaker already has its own well-serviced automotive-tech business.
\n\u2018
\nChinese automakers are racing each other to launch more advanced in-vehicle infotainment displays and automated driving functions. That\u2019s created a growth opportunity for Nvidia, Intel, Qualcomm and other semiconductor manufacturers.<\/p>\n

Still, Nvidia and its homegrown (formerly formidable but now recently rather lagging) rivals face a Devils Canyon gauntlet to satisfy the demands of the opposing superpowers facing off across the Pacific.<\/p>\n

Firstly China and its state-backed tech firms are in desperado mode for really cracking chip technology. They\u2019re not totally starved, but fresh fodder is thin on the ground.<\/p>\n

That\u2019s great for a company like Nvidia \u2026 unless meeting those demands and maintaining the trust of those Chinese customers is going to be incredibly difficult when taking into account wretched and reforming supply chains and \u2013 most importantly \u2013 not crossing the line with angsty US regulators and export laws \u2013 the compliance requirements of tightening regulations around the export of tricksy and highly advanced semiconductors into China.<\/p>\n

But watching NVDA this week will be revealing for believers in its Magnificence as a stock.<\/p>\n

2024 will want to be the year wherein the company convinces investors just how ubiquitous its tech could be.<\/p>\n

Also in Vegas on Monday \u2013 Nvidia segued from games and geopolitics into online shopping.<\/p>\n

Nvidia revealed it\u2019s been cohabitating with the global advertising giant WPP, Lotus and no less than six other companies to come up with faster, clever and more advanced online shopping tools.<\/p>\n

According to Danny Shapiro, Nvidia\u2019s VP for automotive, Nvidia tech in the hands of car dealers and wheelers could soon delight online shopping sites with entirely 3D graphics bamboozling buyers with ultra lifelike \u2013 and ultra easy to buy \u2013 graphic representations of, one supposes, cars.<\/p>\n

<\/span><\/p>\n

The post NVIDIA is not having the same 2024 the rest of us are<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Nvidia hasn\u2019t had the kind of 2024 that its six fellow gunslingers in the so-called Magnificent 7 have had. It\u2019s also most probably unlike anything [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":4076,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4075","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nNVIDIA is not having the same 2024 the rest of us are - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=4075\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NVIDIA is not having the same 2024 the rest of us are - Economic Herald\" \/>\n<meta property=\"og:description\" content=\"Nvidia hasn\u2019t had the kind of 2024 that its six fellow gunslingers in the so-called Magnificent 7 have had. It\u2019s also most probably unlike anything [more...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/economicherald.net\/?p=4075\" \/>\n<meta property=\"og:site_name\" content=\"Economic Herald\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-09T18:30:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/economicherald.net\/wp-content\/uploads\/2024\/01\/GettyImages-1518110611-o72Qw5.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=4075#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=4075\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"NVIDIA is not having the same 2024 the rest of us are\",\"datePublished\":\"2024-01-09T18:30:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=4075\"},\"wordCount\":758,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=4075#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/GettyImages-1518110611-o72Qw5.jpeg\",\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/economicherald.net\\\/?p=4075#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=4075\",\"url\":\"https:\\\/\\\/economicherald.net\\\/?p=4075\",\"name\":\"NVIDIA is not having the same 2024 the rest of us are - Economic Herald\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=4075#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=4075#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/GettyImages-1518110611-o72Qw5.jpeg\",\"datePublished\":\"2024-01-09T18:30:08+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=4075#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/economicherald.net\\\/?p=4075\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=4075#primaryimage\",\"url\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/GettyImages-1518110611-o72Qw5.jpeg\",\"contentUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/GettyImages-1518110611-o72Qw5.jpeg\",\"width\":1200,\"height\":675},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=4075#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/economicherald.net\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"NVIDIA is not having the same 2024 the rest of us are\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#website\",\"url\":\"https:\\\/\\\/economicherald.net\\\/\",\"name\":\"Economic Herald\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/economicherald.net\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\",\"name\":\"Economic Herald\",\"url\":\"https:\\\/\\\/economicherald.net\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/cropped-cropped-economicheraldlogo-1.png\",\"contentUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/cropped-cropped-economicheraldlogo-1.png\",\"width\":850,\"height\":760,\"caption\":\"Economic Herald\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#\\\/schema\\\/logo\\\/image\\\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"NVIDIA is not having the same 2024 the rest of us are - Economic Herald","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/economicherald.net\/?p=4075","og_locale":"en_US","og_type":"article","og_title":"NVIDIA is not having the same 2024 the rest of us are - Economic Herald","og_description":"Nvidia hasn\u2019t had the kind of 2024 that its six fellow gunslingers in the so-called Magnificent 7 have had. It\u2019s also most probably unlike anything [more...]","og_url":"https:\/\/economicherald.net\/?p=4075","og_site_name":"Economic Herald","article_published_time":"2024-01-09T18:30:08+00:00","og_image":[{"width":1200,"height":675,"url":"https:\/\/economicherald.net\/wp-content\/uploads\/2024\/01\/GettyImages-1518110611-o72Qw5.jpeg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/economicherald.net\/?p=4075#article","isPartOf":{"@id":"https:\/\/economicherald.net\/?p=4075"},"author":{"name":"","@id":""},"headline":"NVIDIA is not having the same 2024 the rest of us are","datePublished":"2024-01-09T18:30:08+00:00","mainEntityOfPage":{"@id":"https:\/\/economicherald.net\/?p=4075"},"wordCount":758,"commentCount":0,"publisher":{"@id":"https:\/\/economicherald.net\/#organization"},"image":{"@id":"https:\/\/economicherald.net\/?p=4075#primaryimage"},"thumbnailUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2024\/01\/GettyImages-1518110611-o72Qw5.jpeg","articleSection":["Finance"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/economicherald.net\/?p=4075#respond"]}]},{"@type":"WebPage","@id":"https:\/\/economicherald.net\/?p=4075","url":"https:\/\/economicherald.net\/?p=4075","name":"NVIDIA is not having the same 2024 the rest of us are - Economic Herald","isPartOf":{"@id":"https:\/\/economicherald.net\/#website"},"primaryImageOfPage":{"@id":"https:\/\/economicherald.net\/?p=4075#primaryimage"},"image":{"@id":"https:\/\/economicherald.net\/?p=4075#primaryimage"},"thumbnailUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2024\/01\/GettyImages-1518110611-o72Qw5.jpeg","datePublished":"2024-01-09T18:30:08+00:00","breadcrumb":{"@id":"https:\/\/economicherald.net\/?p=4075#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/economicherald.net\/?p=4075"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/economicherald.net\/?p=4075#primaryimage","url":"https:\/\/economicherald.net\/wp-content\/uploads\/2024\/01\/GettyImages-1518110611-o72Qw5.jpeg","contentUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2024\/01\/GettyImages-1518110611-o72Qw5.jpeg","width":1200,"height":675},{"@type":"BreadcrumbList","@id":"https:\/\/economicherald.net\/?p=4075#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/economicherald.net\/"},{"@type":"ListItem","position":2,"name":"NVIDIA is not having the same 2024 the rest of us are"}]},{"@type":"WebSite","@id":"https:\/\/economicherald.net\/#website","url":"https:\/\/economicherald.net\/","name":"Economic Herald","description":"","publisher":{"@id":"https:\/\/economicherald.net\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/economicherald.net\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/economicherald.net\/#organization","name":"Economic Herald","url":"https:\/\/economicherald.net\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/economicherald.net\/#\/schema\/logo\/image\/","url":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/cropped-cropped-economicheraldlogo-1.png","contentUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/cropped-cropped-economicheraldlogo-1.png","width":850,"height":760,"caption":"Economic Herald"},"image":{"@id":"https:\/\/economicherald.net\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts\/4075","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4075"}],"version-history":[{"count":0,"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts\/4075\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/media\/4076"}],"wp:attachment":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}