Economy

Why do Nvidia's chips control the AI market?

.NOTHING ELSE organization has taken advantage of the boom in artificial intelligence (AI) as much as Nvidia. Due to the fact that January 2023 the chipmaker's portion price has climbed by nearly 450%. Along with the total market value of its own shares moving toward $2trn, Nvidia is now America's third-most valuable organization, behind Microsoft and also Apple. Its own revenues for the most current quarter were actually $22bn, up coming from $6bn in the same time frame in 2015. The majority of professionals expect that Nvidia, which handles much more than 95% of the market place for professional AI potato chips, will definitely remain to expand at a blistering rate for the not far off future. What makes its own chips therefore unique?