"Nvidia's Pursuit of $30 Billion Custom Chip Market Sparks Stock Surge"

Nvidia is reportedly aiming to enter the custom chip space, seeking to build a new business unit for custom-designed AI chips in response to the growing trend of companies developing their own specified chips for specific needs. This move is seen as a proactive effort to address potential market share erosion and expand opportunities in the energy-intensive applications and chips market, particularly in competition with major cloud providers like Microsoft, Amazon, and Meta.