Nvidia is now worth more than Saudi Aramco company to become the 3rd largest company in the world!
Nvidia's rise to the 3rd largest company by market cap highlights the growing importance of LLM, AI and the chips that powers them. Nvidia's GPUs are particularly well-suited for AI applications, and the company has been a leader in developing AI hardware and software.
Intel, the traditional leader in the chip industry, is playing still catch-up in AI. Though, they are making significant investments in AI development, and they recently announced their own line of AI chips.
But the competition between Nvidia and Intel is likely to heat up in the coming years, as both companies vie for dominance in the AI market. This competition will ultimately benefit consumers, as it will lead to more innovation and lower prices for AI products and services.
