info@marketresearchfuture.com   📞 +1 (855) 661-4441(US)   📞 +44 1720 412 167(UK)   📞 +91 2269738890(APAC)

Nvidia Leading Global Chip Industry in 2023

By Aarti Dhapte , 01 June, 2023

Nvidia is playing a leading role in the global chip industry, and it is expected to be at the forefront of the artificial intelligence gold rush after its latest earnings release. Nvidia's market capitalization jumped by almost USD 200 billion on 25th May 26, 2023. The shares of Nvidia have soared this week, taking the company's valuation to nearly the trillion-dollar mark. It has dominated the market for chips used in artificial intelligence (AI) systems.

California-based Nvidia hardware underpins most AI applications today. It has almost 95 percent of the GPU market for machine learning. The AI chips Nvidia also sells in systems designed for data centers cost around USD 10,000 each.

Earlier, the company used to make graphics better for gaming and other applications, but later, towards the 2000s, it developed GPUs to enhance computer image displays. Recently the company invested more in the resources for creating tools to make GPUs programmable by opening their parallel processing capabilities for uses beyond graphics. Then a decade later, ChatGPT emerged, and Nvidia took advantage by investing in developing new kinds of GPUs that will suit more to AI and other software to make it easy to use the technology.

Nvidia's market cap increased by USD184 billion to around USD 940 billion, making it one of the biggest single days earns in the United States market history. Both Amazon and Apple have previously seen their market capitalization increase by USD 191 billion in a day in November and February 2022, respectively. Both were valued above USD 1 trillion at a time, making Nvidia's big leap even more attractive.

                             

                                      Nvidia's Market Valuation Dwarfs That Of Intel, AMD

AMD.jpg

Latest News

2050.png
Big Tech Backs Nuclear Expansion: Pledges to Triple Global Capacity by 2050

Leading technology giants Amazon, Google, and Meta have teamed up with other big energy users in a historic action at the CERAWeek 2025 energy conference in Houston to promote an ambitious initiative: doubling world nuclear power capacity by 2025…

Read More

Shifts.png
China’s Refining Industry Sees 2.1% Growth in Early 2025 Amid Rising Fuel Demand and Geopolitical Shifts

China's refining sector showed resilience and adaptability in the first months of 2025, raising crude oil throughput by 2.1 percent over the year before. According to the National Bureau of Statistics, this increase resulted in a processing volume of…

Read More

2025.png
Elsevier Unveils ScienceDirect AI in 2025 to Revolutionize Research Efficiency

In March 2025, Elsevier launched ScienceDirect AI, a world-renowned leader in science and health information science. This state-of-the-art generative AI tool can potentially transform the industry with its revolutionary advances in research. This…

Read More

Drop.png
EV Revolution: Battery Prices Drop Below USD 100/kWh Amid China's Dominance of the Market in 2025

The global electric vehicle (EV) industry has reached a pivotal milestone. The average price of lithium-ion battery packs has dropped below the USD 100 per kilowatt-hour (kWh) threshold, a benchmark long considered critical for achieving price parity…

Read More

2025.png
China Accelerates Push for Domestic EV Chips Amid Global Trade Tensions in 2025

In 2025, China will focus on self-sufficiency in high-tech industries by further integrating domestically produced semiconductor chips into the country\'s electric vehicle (EV) industry. By doing so, China aims to reduce reliance on foreign…

Read More

Author Pic
Aarti Dhapte

Team Lead - Research