It may have escaped your notice, but word on the street is that Nvidia is doing rather well of late. Fourth quarter earnings released earlier this year revealed gigantic revenue and net income figures thanks to surging AI demand, and now a recent report from Trendforce shows that the company has overtaken Qualcomm to become the biggest chip designer by revenue, too.
The figures show that Nvidia raked in $55.268 billion in revenue in 2023, in contrast to the second biggest chip designer, Qualcomm, which managed $30.913 billion over the same period. That puts Nvidia firmly at the top of the table, beating out Broadcom, AMD, Mediatek and others by a substantial margin and leaving the company at an estimated market share of 33%, up 15% over the previous year.
