For a few days, AI chip giant Nvidia sat on the throne as the world’s largest company, but behind its dazzling success lies the question of whether newcomers can lay claim to the bounty of artificial intelligence.
Nvidia, which makes the processors that are the only option for training the large language models of generative AI, is now the newest member of Big Tech, and its rise in the stock market has given the entire sector a boost.
Even the second rung of tech on Wall Street has followed closely behind Nvidia, with Oracle, Broadcom, HP and a slew of others seeing their stock valuations soar despite sometimes shaky profits.