In a move to further its commitment to artificial intelligence (AI) progression, Oracle (NYSE:ORCL) has incorporated NVIDIA (NASDAQ:NVDA)'s AI Enterprise and DGX Cloud AI supercomputing platform into its Cloud Marketplace. As of today, customers can utilize Oracle Universal Credits to access these advanced AI tools for comprehensive development and deployment on the Oracle Cloud Infrastructure (OCI). This places OCI as the first hyperscale cloud provider to offer NVIDIA DGX Cloud.
The integration of NVIDIA AI Enterprise into Oracle's platform enables efficient large-model training for generative AI applications on OCI. These applications include workloads optimized by NVIDIA NeMo, a cloud-native framework. This integration provides a significant boost to companies like Gemelo.ai, which already leverage NVIDIA's accelerated computing and AI on OCI for their complex systems.
Gemelo.ai utilizes NVIDIA Maxine GPU-accelerated AI software development kits along with cloud-native microservices. This advanced technology is used for various applications including text-to-speech, voice-to-voice, and voice-cloning systems.
NVIDIA, the tech giant behind these AI innovations, has been a prominent player in the Semiconductors & Semiconductor Equipment industry, according to InvestingPro Tips. The company's high return on invested capital and strong earnings have allowed it to continue dividend payments, a testament to its financial stability. The company's market capitalization stands at a whopping 1060.0B USD, as per InvestingPro Data.
The company's stock, despite taking a big hit over the last week with a -10.21% return, has seen a large price uptick over the last six months with a 52.64% return, and an impressive 232.2% return over the last year. This volatility is something potential investors should be aware of. Additionally, NVIDIA's P/E ratio stands at 102.56, indicating a high earnings multiple. This, coupled with the company's 22.2% return on assets, shows the company's strong profitability.
Despite this significant development, Oracle faces stiff competition in the cloud market. Rivals such as Amazon (NASDAQ:AMZN) Web Services (AWS) and Google (NASDAQ:GOOGL) offer a diverse range of services with specific service level agreements (SLAs). The choice between Oracle Cloud, AWS, or Google often hinges on specific business needs, existing technology infrastructure, regulatory compliance requirements, and financial limitations.
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