Nvidia is now the world’s most valuable company.
What that means for the AI industry, which has experienced spectacular growth over the last three years largely powered by Nvidia GPUs, is that Nvidia is not only the chief driver of the AI industry, but also that its success is “a reflection of where the AI market is,” according to R “Ray” Wang, founder and analyst at Constellation Research.
“AI begins and ends with Nvidia,” Wang said on a breaking news analysis edition of the Targeting AI podcast from AI Business.
In the meantime, Nvidia keeps building data centers, AI factories and new and more powerful AI chips and selling them into a market that appears to be demanding an endless supply of AI processing power.
Even with computer chip stalwarts like Intel, AMD and Qualcomm hustling to grab a piece of this lucrative business, Nvidia is poised to keep growing.
Wang doesn’t dismiss the prospect of an AI bubble deflating at some point, but it would not be because of a lack of demand for AI.
“We are in the middle of an AI boom,” he said. “We will hit a bubble when we get to the point when we can’t figure out who has jobs to pay for all the AI.”