Nvidia AI chip value skyrockets amid AI development boom By Cointelegraph

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© Reuters

The race to develop artificial intelligence (AI) continues as manufacturers around the world scramble to obtain the chips to power the technology.

On May 24, Nvidia (NASDAQ:) — the company behind the chip hailed as one of the world’s most powerful semiconductors — released its second-quarter revenue forecast, which came in at 50% above market expectations, according to a Reuters report.