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![A sign is posted at Nvidia headquarters on February 05, 2024 in Santa Clara, California. Shares of Nvidia stock hit record highs on Monday after analysts increased their outlook on company.](https://i.kinja-img.com/image/upload/c_fit,q_60,w_645/3d7d33f264313666891c8fd42b557c92.jpg)
Nvidia has simply overtaken Amazon for the first time in two decades because the fourth-most precious US-listed firm; now, it’s on observe to surpass Alphabet as the corporate with the third-biggest market capitalization.
The businesses’ present market caps, as of 9:55 am ET:
- Alphabet: $1.82 trillion
- Nvidia: $1.81 trillion
- Amazon: $1.76 trillion
With Nvidia controlling greater than 80% of the AI chip market share, and since generative AI is a red-hot trade, “total demand far outstrips provide,” as Mizuho analyst Vijay Rakesh wrote.
The Santa Clara, California-based firm makes the extremely sought-after H100, the $30,000 chips dominating the generative AI market. And Nvidia’s prospects like Google and Meta are paying billions for these chips to gas AI programs that energy their generative AI merchandise.
Lead occasions for the H100 chips have declined, in keeping with Rakesh. Even with a number of rivals releasing their very own AI chips, together with chipmakers like AMD and tech giants like Google and Microsoft, Nvidia nonetheless instructions the market.
Nvidia experiences earnings on Feb. 21 after the market shut.
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