Posted 1/14/2024, 11:55:00 AM
Nvidia Dominates Booming AI Chip Market While C3.ai Struggles Despite Hype
- C3.ai stock surged in 2022 due to AI hype, but financial performance is lackluster and losses continue to mount
- Nvidia is the dominant provider of AI chips and its revenue and earnings are skyrocketing
- Nvidia GPUs provide the computational power needed for AI tasks
- Nvidia controls 95% share of data center AI market and will likely control generative AI
- Nvidia stock valuation is cheap despite high growth, while C3.ai valuation is expensive given weak outlook