Nvidia's AI chip dominance drives stock surge, market expansion

Business Insider February 10, 2024, 01:00 AM UTC

Summary: Nvidia's dominance in the AI chip market has driven its share price up by over 200% in the last year, reaching a market cap of nearly $1.8 trillion. The company is making moves to establish a foothold in the custom AI chip market, holding talks with tech giants like Meta, Microsoft, and Google. The custom chip market was worth $30 billion in 2023 and is expected to double by 2025, posing a threat to competitors like Broadcom and Marvell Technology.

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