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Courtesy of Midjourney

All antitrust eyes are on Nvidia

The artificial intelligence boom has been transformative for Nvidia, which has become the third-most-valuable company in the world just behind Apple and Microsoft. That’s a bronze-medal performance. (We can make Olympics references for another week, folks.)

Nvidia’s chipmaker’s graphics processors and data centers are integral for anyone and everyone who wants to train or run a generative AI model. That’s true for teams at Silicon Valley giants and upstarts alike. And Nvidia is the clear market leader: By one estimate, Nvidia now controls 80% of the market for AI-grade chips and data centers, far ahead of rivals AMD and Intel.

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Nvidia logo in Taipei, Taiwan.

Reuters

Hard Numbers: Nvidia soars, Salesforce’s UK investment, step up for your eye exam, More millionaires (more problems?), Apple’s rebound

3 trillion: Nvidia stock briefly surpassed $3 trillion in market capitalization this week ahead of a 10-for-1 stock split that’ll make their share price much cheaper. The chipmaker, which is the third most valuable company in the S&P 500 behind Microsoft and Apple, has become a major beneficiary of the AI boom because of its powerful GPU chips. Stock splits don’t affect the value of a company’s stock, but make the share price more palatable for retail investors.
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