Nvidia (NVDA) is the AI king. Its share of the global AI chip market is estimated at anywhere between 70% and 90%. Its high-powered graphics processors, which are perfect for training AI models and putting them to work, are in such demand that getting them is a task all its own.
In June, with the AI craze in full swing, Nvidia’s market cap eclipsed the $1 trillion mark. And on Friday, shares of the company hit an all-time high of $549.91.
It’s not just Nvidia’s hardware that helps it stay ahead of its rivals. The company’s Cuda software, which developers use to create AI platforms, is just as important to Nvidia’s staying power.
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