The AI market is undeniably booming. The six companies at the top of the world's valuation index, including NVIDIA, Microsoft, Apple, Google, Amazon, and Meta, are all deeply invested in AI in some form, and it seems like US stock markets are largely being held afloat by the unbelievable profits raked in by the firms.
NVIDIA, the company supplying the world with an estimated 90% of the specialized GPUs required in AI data centers, recently became the first company to hit (and surpass) a $4 trillion market valuation.
