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The AI chip business is booming! NVIDIA's market value surged by trillions of yuan overnight, breaking through $3 trillion, surpassing Apple to become the world's second largest! Artificial intelligence chip giant NVIDIA surpassed Apple's market value on Wednesday as investors continued to bet on this chip manufacturer leading the AI boom. At present, Nvidia has become the second largest listed company in the world by market value, second only to Microsoft. Since the release of its first quarter financial report in May, Nvidia's stock price has risen by over 24% and has been performing strongly since last year. The company's estimated market share in the data center AI chip market is as high as 80%, attracting large cloud suppliers to invest billions of dollars. Investors are also increasingly confident that Nvidia's trend of significant sales growth to a few cloud companies can continue. In the last quarter, data center business revenue, including GPU sales, increased by 427% year-on-year, reaching $22.6 billion, accounting for approximately 86% of the company's total sales.
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