“Nvidia became a $1 trillion company in May 2023, then skyrocketed past $2 trillion in February of this year, making it more valuable than both Amazon and Alphabet.”
Nvidia went from $1 trillion to $3.01 trillion in about a year, and now trails only Microsoft. It holds 70 to 95 percent of the AI chip market and just reported $14 billion in profit. Now it plans a new AI chip every year, so every H100 customer is already booked for the next upgrade. In a gold rush, Nvidia sells the shovels and sets the price.