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Interestingly,NVIDIAis now the world’s most valuable company, ahead of Microsoft and Apple.
NVIDIA’s rise to the top doesn’t come as a surprise.
At some point, the chipmaker was unable to supply the high demand for AI chips.
Recent developments indicated Microsoft and OpenAIinvested over $100 billion in a project dubbed Stargate.
NVIDIA is undoubtedly on a wining streak with AI.
Its revenue for Q3 2023 stood at $18.12 billion, with $10.42 billion in profits.
Figuratively, this translated to a 206% year-over-year increase due to the high demand for AI chips.
