"Nvidia's Rollercoaster: From AI Dominance to Market Volatility"
TL;DR Summary
Nvidia has become the most valuable company in the world, with a market cap of $3.34 trillion, by strategically positioning itself in the AI chip market. Founded in 1993, Nvidia's early development of GPUs and the creation of CUDA in 2007 have made its technology indispensable for AI applications. Despite facing competition and geopolitical risks, Nvidia's comprehensive hardware and software solutions have solidified its dominance, accounting for 90% of the AI chip market.
- Nvidia is now the most valuable company in the world. Here's how it went from a Denny's booth to cornering the AI chip market Fortune
- Why Is Nvidia Stock Down? 8% Midday Drop Wipes Out $277 Billion Forbes
- $3.34 Trillion The New York Times
- Stock market today: Wall Street drifts as Nvidia loses some more momentum ABC News
- All Roads Lead to Nvidia as Tech Sees Record Inflows, Says BofA Yahoo Finance
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