NVIDIA PURSUES $30 BILLION CUSTOM CHIP OPPORTUNITY WITH NEW UNIT

Nvidia is establishing a fresh business division with a primary focus on crafting customized chips for cloud computing companies and other clients, particularly advanced artificial intelligence (AI) processors.

Based in Santa Clara, California, Nvidia dominates approximately 80% of the high-end AI chip market. This commanding position has propelled its stock market value to $1.73 trillion this year, marking a 40% increase after it surged more than threefold in 2023. Customers such as OpenAI, Microsoft, Alphabet, and Meta Platforms have been swift in securing Nvidia's chips, facing a dwindling supply as they vie for prominence in the rapidly evolving generative AI sector.

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