How Nvidia became the king chipmaker, from a Denny’s to $2.3T market cap

Wall Street is eagerly awaiting the latest earnings report Wednesday from Nvidia, which has experienced rapid growth amid the boom in artificial intelligence (AI) technology.

Nvidia has grown to become the third-largest publicly-traded U.S. company by market cap on the strength of its dominance of the AI chip market. Estimates suggest Nvidia’s market share in the highly sought-after AI chips is at least 80%, with demand for the semiconductors used to train AI models continuing