Nvidia's market value skyrocketed to over $1 trillion

Nvidia's market value skyrocketed to over $1 trillion within seven months of ChatGPT's announcement, and it hit $3 trillion in less than a year. 

This incredible growth was fueled by Nvidia's pivotal role in the AI industry, making it the go-to company for essential tools in the AI gold rush.

Nvidia's profits and gross margins in this sector were leading, with competitors like Intel, AMD, and tech giants such as Microsoft and Meta developing their own chips to challenge Nvidia.

Despite the competition, there is confidence in Nvidia's continued dominance in the industry.

While Nvidia's sales still lag behind those of tech giants Microsoft and Apple, the potential for Nvidia to become the most valuable US company is seen as a real possibility.