By Will Ebiefung
Publication Date: 2026-02-24 00:00:00
Key Points
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Nvidia still enjoys tremendous growth with its generative AI opportunity, but uncertainty is beginning to rise.
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Can the chipmaker pivot to new long-term opportunities?
- 10 stocks we like better than Nvidia ›
In late 2022, Wall Street noticed that the first iteration of OpenAI’s AI chatbot, ChatGPT, was trained and powered by thousands of Nvidia‘s (NASDAQ: NVDA) data center graphics processing units (GPUs). And a spark was lit that quickly made the cutting-edge chipmaker the largest company in the world, with a market cap of $4.55 trillion.
The good news is that companies continue to clamor for Nvidia’s hardware. But how sustainable is the demand propping up Nvidia’s huge valuation? Let’s dig deeper into what could come next as the chipmaker seeks to maintain its dominance over the next decade and beyond.
Will AI create the world’s first trillionaire? Our team just released a report on the one little-known company, called an “Indispensable Monopoly” providing the critical technology Nvidia and Intel both need. Continue »
Image source: Getty Images.
How much is big tech spending on chips?
As of early 2026, the AI race shows no signs of slowing down. This month, cloud computing giant Amazon announced plans to increase its full-year capital expenditures by 50% to $200 billion, with much of that going to data center spending. Alphabet has similar goals, with $175 billion to $185 billion earmarked this year. CNBC estimates that total AI spending…
