AI Frenzy Catapults Nvidia's Value Toward Market Summit

Amid a surge that echoes the rapid advancements and growing fascination with artificial intelligence, Nvidia is reportedly on the verge of overtaking Apple as the world’s second-most valuable company.At the core of Nvidia’s rise is its dominant position in the high-end AI chip market, in which it commands an 80% share, and a ravenous market demand for AI capabilities, Reuters reported Friday (March 8).This dominance has translated into a valuation leap. The company’s worth ballooned from $1 trillion to over ...