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Santa Clara-based Nvidia Corporation (NVDA) has become the crown jewel of the chip industry, surfing the surging wave of the artificial intelligence (AI) revolution. With major tech giants relying on the company’s specialized chips to train their generative AI models, Nvidia has solidified its industry dominance.
The chip maker’s meteoric rise over the past year, driven by an insatiable demand for its AI-essential chips, has captivated the entire market. This rapid ascent has catapulted it to the prestigious position of the world's third most valuable company, trailing just behind tech giants Apple (AAPL) and Microsoft (MSFT).