Welcome to the Tech Mem Right Home for Tuesday, May 30th, 2023. I'm Brian McCullough today

as NVIDIA joins the Rarified Trillion Dollar Market Cap club, their recent announcements highlight why they're

truly at the center of the current AI moment. Arm transitions to a comprehensive 64-bit platform,

hands-on with Meta's Quest 3 prototype, and those weird new captures you've been seeing.

Yes, AI is responsible. Here's what you miss today in the world of tech.

In the years of doing this show there are some companies I never really thought

would matter very much to our conversation that have nonetheless

subsequently become very important for us to cover. I'm thinking primarily of Disney, what with the

streaming wars, but while NVIDIA has always been an important tech company, it's

impossible to describe the way that NVIDIA has become central to what we've been talking

about in this AI moment. It's maybe one of the most important tech companies

full stop that we're covering these days.

Invidia's stock opened this morning at a $1 trillion market cap for the first time, thereby joining

Apple, Microsoft, Google, and Amazon in that Rarified Club after raising its Q2 revenue forecasts due to AI demand.

NVIDIA shares are up 166.5% year to date and that was before the opening this morning.

Why?

Here's the Financial Times. In 2022, U.S. Chipmaker

and video released the H100, one of the most powerful processors it had ever built,

and one of its most expensive costing about $40,000 each.

The launch seemed badly timed, just as businesses sought to cut spending amid rampant inflation.

Then in November, ChatGPT was launched.

We went from a pretty tough year last year to an overnight turnaround, said Jensen Huang.

...