Nvidia's Early Bet on AI Cements Its Dominance Despite Recent Headwinds
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Nvidia has dominated the AI chip market due to early investments in GPUs for machine learning over a decade ago.
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Nvidia has a strong software ecosystem (CUDA) that makes it difficult for developers to switch to other chips.
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Competitors like AMD fell behind for years, allowing Nvidia to cement its leadership position.
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Nvidia's stock has surged over $2 trillion thanks to AI hype sparked by ChatGPT, with revenue jumping over 50%.
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China restrictions have impacted Nvidia recently, but its market position still appears unassailable despite big tech's internal efforts.