Chip maker Nvidia is now worth more than Alphabet and Amazon thanks to the current AI boom. Bloomberg reports that just a day after overtaking Amazon, the American chip maker hit a market capitalisation of about $1.83 trillion. This positions Nvidia above Alphabet, the parent company of Google, as the fourth most valuable company in the world. Nvidia stock has gone supernova off the back of its stranglehold on the market for chips that power large language models (LLMs).
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