The first commercially produced digital computer was officially put into service 72 years ago today.
Launched on June 14, 1951, the UNIVAC 1 – which stands for Universal Automatic Computer – marked a turning point in history.
The UNIVAC 1 was not just a machine. It was a vision of the future.
Conceived by the masterminds behind the first general-purpose electronic computer – J. Presper Eckert and John Mauchly – the technological marvel occupied an entire room with its eight-by-seven-foot stature.
Its million-dollar price tag reflected the tremendous investment and faith in a then-novel idea: a machine that could automate calculations.
Walter Cronkite, then a young reporter, called it an “electronic miracle.”
The New York Times described it as an “electronic brain,” and indeed, UNIVAC 1 became a symbol of the promise of computing – and quickly captured the public imagination.
Its breakthrough moment came during the 1952 presidential elections when, to everyone’s astonishment, it predicted Dwight D. Eisenhower’s landslide victory.
Folks realize that this technology was not just a tool – but an influential actor shaping society.
Fast forward to today, June 14, 2023: We find ourselves in the midst of a similar paradigm shift…
The AI revolution.
Today’s artificial intelligence technologies are not unlike UNIVAC 1 – enigmatic, pioneering, and set to redefine our future in ways we are only beginning to comprehend.
The companies developing that AI tech now are the ones solidifying their legacies in our AI-driven future – while the investors who spotted them early enough reap the rewards.
The good news is that you don’t have to wait to profit from AI.
Because this AI leader is making investors money in the here and now…
AI Gives Nvidia a Seat at the Trillion-Dollar Table
The best scene from Aaron Sorkin’s 2011 flick about the birth of Facebook, “The Social Network,” has to go to Justin Timberlake.
Portraying Sean Parker, the founder of the disruptive free music service Napster, Timberlake tells Facebook founders Mark Zuckerberg and Eduardo Saverin to think bigger about their business because “a million dollars isn’t cool.”
“You know what’s cool?” Timberlake rhetorically asks.
“You?” a non-too-enthralled Saverin snaps back.
Timberlake smirks and delivers the knockout punch: “A billion dollars.”
Well, if a billion dollars is cool, Nvidia (NVDA) must be really cool, as it just joined an elite group on May 30:
“The Trillion-Dollar Club.”
When I say elite, I mean elite: Only Apple (AAPL), Microsoft (MSFT), Alphabet (GOOGL), and Amazon (AMZN) have market caps over $1 trillion.
That’s impressive in its own right.
But it’s even more impressive, considering Nvidia started the year with a $369.54 billion market cap.
Nvidia’s current market cap was propelled by a recent earnings report that shined an even brighter light on artificial intelligence (AI), as the company said its data center was significantly increasing supply to meet the surging demand for AI.
That surging demand also helped Nvidia record its most profitable quarter ever for its Data Center division at $428 million, which is up 14% from a year ago – representing sequential revenue growth of 18%.
From image generators that can create digital art of a bear reading a newspaper on command to chatbots that can help write a 50,000-word book in 10 days…
Nvidia is the “pick-and-shovel” play that makes AI happen with its powerful semiconductor chips.
At a recent computer tech conference, CEO Jensen Huang unveiled the DGX GH200, which Nvidia bills as a “new class of large-memory AI supercomputer for giant generative AI models.”
In other words, it’s going to help expand the capability of what AI can do – like generate images or write a story in seconds – even further.
Yet another innovation that promises to keep Nvidia at the top of its game – and bring shareholders along for the ride.
Nvidia is a company we’ve been not only watching… but profiting from for a long time.
Since we first brought you NVDA here in Derby City Daily on February 27, its stock price has surged 72%.
And now that the world is catching on to the incredible potential of AI, Nvidia is fulfilling its “destiny” as one of the leading moneymakers in the industry.
But here’s the thing…
If you feel like you’ve missed out on the opportunity with NVDA and AI, don’t worry.
There are always pockets of opportunity and ways to make money if you know where to look… and we know where to look.
We have four other companies that can benefit from their AI implementations that Wall Street isn’t paying as much attention to.
You can access all four of those here.
Until next time,
Andy Swan
Founder, LikeFolio