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Nvidia replaces Alphabet as Wall St's third most valuable company, ET Telecom

Nvidia controls about 80% of the high-end AI chip market, a position that has boosted its stock price 47% this year after it more than tripled in 2023. Customers face shortages of Nvidias top-of-the-line components while AI developers face months-long waiting lists to use its processors through cloud-computing providers.
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nvidia: Nvidia replaces Alphabet as Wall Street's third most valuable company

Nvidia controls about 80% of the high-end AI chip market, a position that has boosted its stock price 47% this year after it more than tripled in 2023. Customers face shortages of Nvidias top-of-the-line components while AI developers face months-long waiting lists to use its processors through cloud-computing providers.
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