Artificial intelligence (AI) is expected to become a ubiquitous technology in the coming years, which means that demand for hardware needed for AI models training and inference will increase and companies like Nvidia, Microsoft, and TSMC are poised to capitalize on this. As a result, market capitalization of these companies are setting records. This week Nvidia's market cap eclipsed that of Alphabet and Amazon, whereas TSMC became the world's 10th most valuable company.
