Nvidia, a leading AI chipmaker, has achieved a major milestone by reaching a $3 trillion market cap, thereby overtaking Apple to become the world’s second most valuable company. This remarkable surge underscores the explosive growth in demand for AI-related hardware. Nvidia’s advanced chips are at the forefront of powering the latest advancements in AI models and data centers across the globe.

The burgeoning interest in artificial intelligence is driving the market’s appetite for high-performance computing, and Nvidia seems to be at the right place at the right time. From AI model training to deployment, the need for robust, efficient, and powerful chips has never been higher. This market dynamic is putting Nvidia on a faster growth trajectory compared to its competitors.

Historically, Nvidia started its journey by focusing on graphics processing units (GPUs), primarily targeting the gaming industry. However, over the years, the company has expanded its horizons significantly. Today, their GPUs play a crucial role in machine learning and AI tasks, making them indispensable for data centres aiming to keep up with rapid AI advancements.