Posted 2/16/2024, 10:25:00 AM
Nvidia Leads Pack of Tech Firms Riding AI Chip Market Boom
- Nvidia dominates the AI chip market (estimated 90% market share) which is estimated to grow to $400 billion in coming years
- ASML is the sole manufacturer of extreme ultraviolet lithography machines needed to produce advanced chips like those for AI
- Palantir sells custom AI software to enterprises and its commercial customer base is growing rapidly
- Supermicro provides turnkey server systems seeing high demand from companies needing AI capabilities
- Microsoft partners with AI chatbot maker OpenAI, linking OpenAI's growth to its Azure cloud platform which saw an uptick in growth