Nvidia Leads Booming AI Chip Market Despite Growing Competition
• Nvidia dominates the AI chip market with 70-90% share due to its advanced GPUs and Cuda software that powers AI platforms
• Rivals Intel and AMD are developing competitive AI accelerators to grab market share from Nvidia
• Hyperscalers like Microsoft and Amazon are using more of their own custom ASIC chips rather than Nvidia GPUs
• Nvidia's technology still remains years ahead of competitors with a strong research pipeline
• While Nvidia may lose some market share, overall AI chip revenue will climb as more companies adopt AI