Nvidia Emerges as World's Most Valuable Company Amid AI Chip Demand Surge
Nvidia has overtaken Microsoft and Apple to become the world's most valuable public company, with a market capitalization of $3.34 trillion. This surge is a result of high demand for Nvidia's AI chips, which are essential for training algorithms powering technologies such as ChatGPT. Nvidia's quarterly revenue has skyrocketed to $26 billion, cementing its dominance with a 70% market share in AI chips.
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