Nvidia Corp. CEO Jensen Huang seeks to regain market access in China, affecting its AI accelerator business, valued at $50 billion. After the U.S. government blocked sales, Nvidia's stock fell sharply from $133 to $95. However, strong growth in AI pushed its stock up to $170, securing a historic $4 trillion market cap. The recent approval for selling H20 chips in China may add significant revenue, potentially increasing its growth rate closer to 80%. Nvidia commands 90% of the market for AI server farm chips, benefiting major companies like Microsoft and Meta.
Nvidia's strength as the backbone of artificial intelligence got its stock up to $170 recently, which made it the first company in history to have a market cap of $4 trillion.
Nvidia's market share is estimated at 90% of the AI chips used to build server farms, which are at the center of the AI growth of every company in the sector.
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