Economy

Why do Nvidia's chips dominate the AI market?

.NO OTHER FIRM has profited from the boom in artificial intelligence (AI) as high as Nvidia. Due to the fact that January 2023 the chipmaker's share cost has actually surged through almost 450%. Along with the overall worth of its allotments coming close to $2trn, Nvidia is actually now America's third-most valuable organization, responsible for Microsoft and also Apple. Its own earnings for the most recent one-fourth were $22bn, up coming from $6bn in the same duration in 2015. A lot of experts expect that Nvidia, which handles more than 95% of the market for expert AI chips, will definitely remain to increase at a scorching rate for the not far off future. What makes its chips so exclusive?