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Nvidia overtook Alphabet in market capitalization on Wednesday, just a day after overtaking Amazon. bloomberg Telling that the chip maker’s stock is It is now worth $1.83 trillion, beating the Google owner’s $1.82 market cap by a hair. This makes Nvidia the fourth most valuable company in the world behind Microsoft ($3.04T), Apple ($2.84T) and Saudi Aramco in the wake of the AI boom. The company is currently making H100 chipwhich powers most LLMs in use today, including OpenAI’s ChatGPT and most AI projects from Microsoft, Meta, and Amazon.
The world’s biggest tech companies are involved in this AI chip arms race, each of them is hoping to create their own GPU chip to eliminate Nvidia’s virtual monopoly. The irony is that as bloomberg Note, Nvidia’s top sellers of AI chips come from the same companies. Santa Clara-based company nears release A better AI chip, the H200, which has greater memory capacity and bandwidth than its predecessor. earlier this month, reuters Nvidia reportedly invested $30 billion in a unit dedicated to helping other companies Build your own custom AI chips, Meaning, even if companies choose to make their own AI chips, Nvidia could get a piece of the action.
Meanwhile, direct competitors like Intel and AMD are working on their own powerful chips Which can compete with H200.
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