“Invidia,” with a logo of a green eye, that in three months went from $2 trillion in market capitalization to $3 trillion at the start of June, and that last week briefly overtook Microsoft and Apple as the most valuable company in the world. For some observers, such extraordinary performance made many “green with envy.”
However, the high point was brief, because NVIDIA stocks in the last three days of trading experienced a correction of 13 percent, which brought back concern about a stock market bubble, like the year 2000 “dotcom bubble” led by CISCO, IBM and Intel, among others.
But this time is said to be different because NVIDIA’s spectacular performance is based on the utilization of its Graphic Processing Units (GPUs), originally designed for video games, to the application of artificial intelligence in sectors such as health care, self-driving autos, and many others. Presently, NVIDIA’s market share of these chips is estimated at 80 percent.
*International analyst and consultant, former Director ECLAC Washington. Commentator on economic and financial issues for CNN en Español TV and radio, UNIVISION, TELEMUNDO and other media.
