Jordan Siemens
One of my earliest articles on artificial intelligence ("AI") on Seeking Alpha’s site was on Sept 22, 2020, entitled “Nvidia Needs ARM To Revitalize Its AI Goals.” In 2024, we see that Qualcomm (QCOM
Nvidia: Why The Company And Its GPUs Will Dominate AI Processors
Summary
- Nvidia Corporation dominates the AI sector with its GPU processors, holding a 96% share in 2023 and a 92% share of revenues of all suppliers.
- AI at the data center held a 57% share of the AI market in 2023.
- AI technology is being integrated across various sectors like healthcare, automotive, financial services, and retail.
- It seems unlikely that any new companies will rise to become a major player in the GPU market alongside Nvidia.
Robert Castellano has 38 years of experience analyzing the semiconductor markets.
He runs the investing group Semiconductor Deep Dive. It provides investors with recommendations for stocks with the greatest near- and medium-term growth potential. Members receive detailed analysis and research tools to make investments in semiconductor and tech stocks. Learn more.
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