Nvidia Stock Investors Just Got Great News From Amazon and Google

Semiconductor company Nvidia (NASDAQ: NVDA) has seen its share price increase nearly 1,000% since the launch of ChatGPT in late 2022. That event was the big-bang moment for the artificial intelligence (AI) boom, and the subsequent surge in Nvidia shares reflects its critical position in the burgeoning AI economy.Specifically, Nvidia dominates the market for data center graphics processing units (GPUs) and accounted for 98% of shipments last year. GPUs speed up complex workloads, like training AI models, and running AI applications. Consequently, Nvidia has secured a monopoly-like market share in AI accelerators.To that end, Nvidia bears frequently highlight custom AI chips from big technology companies like Amazon (NASDAQ: AMZN) and Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) as cause for alarm. While both companies have designed custom silicon for their data centers, recent commentary should put Nvidia investors at ease.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool