Sunday, December 24, 2023

Nvidia closes in on chip revenue crown as AI booms

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PALO ALTO, U.S. — The semiconductor industry is poised to see a new revenue leader emerge for first time in three decades that isn’t Intel or Samsung Electronics after a year in which everyone was talking about artificial intelligence.

Nvidia holds a high market share in graphics processing units (GPUs), which have become vital to AI by providing the computing power for machine learning.