Nvidia's sales have more than doubled -and its market value more than tripled-as major tech companies snapped up the company's chips to capitalize on the explosive interest in generative AI sparked by the launch of the ChatGPT online chatbot a year ago.
Intel and Advanced Micro Devices, two of Nvidia's largest competitors, have seen their data-center sales shrink lately as the tech giants operating those networks have redirected their spending toward Nvidia's specialized chip platforms.
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