Nvidia Corp. (NASDAQ:NVDA) is experiencing a surge in revenue, with its AI business leading the charge. This has prompted its competitors, Intel Corporation (NASDAQ:INTC) and Advanced Micro Devices Inc. (NASDAQ:AMD), to intensify their efforts to challenge Nvidia’s market dominance.
What Happened: Nvidia’s revenue has more than tripled for the third consecutive quarter, with a promising outlook for the rest of the year.
The company’s data center business alone raked in a record $47.5 billion in 2023, driven by the demand for computing power to train AI models. This figure represents a staggering 427% year-on-year increase.
Despite Nvidia’s commanding position in the AI training space, its competitors are exploring other avenues. One such area is AI-capable PCs, with Microsoft Corp. (NASDAQ:MSFT) recently unveiling PCs powered by its AI platform, Copilot. This move is expected to drive significant demand in the ...