Nvidia makes graphics processing units (GPUs) that powers all things artificial intelligence (AI).
As of today, Nvidia is the third most valuable company on Earth, holding a dominant 80% share in the AI chip market with a value of $3 trillion. Another AI giant, OpenAI, released ChatGPT in October 2022, and since then, Nvidia’s value has increased by $2 trillion, bringing it close to the value of Amazon. I’m not sure if Nvidia’s stock is in a bubble or if its value is justified by the growth of AI. AI will be a huge part of the future, but let’s see how other large companies go about raising money for all things related to AI.