Posted 2/13/2024, 12:44:19 PM
Nvidia Briefly 4th Most Valuable Company Amidst Booming AI Demand for Its Chips
- Nvidia briefly became 4th most valuable company with $1.83 trillion market cap due to AI boom
- Nvidia's data center chip revenue for AI is $16 billion, far exceeding Intel's and AMD's
- Nvidia overtook Amazon in market cap yesterday, albeit briefly before closing back in 5th
- Nvidia is benefiting from massive investments in AI data centers and the AI boom
- Competition from Amazon, Microsoft and others making their own chips poses future challenge for Nvidia