Nvidia Surpasses Amazon to Become Most Valuable U.S. Chipmaker on AI Boom
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Nvidia's market cap reached $1.78 trillion, surpassing Amazon's $1.75 trillion for the first time in 20 years.
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Demand for Nvidia's AI chips remains high as it dominates 80% of the high-end AI chip market.
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Big tech firms like Meta are investing billions in Nvidia's graphics processors, though shortages persist.
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Nvidia stock has surged 46% in 2023 on AI optimism, adding $560 billion in market value.
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Analysts cite ongoing AI boom and massive data center spending for Nvidia's success.