It sure seems like Nvidia is the king of AI right now.Since the start of the AI boom, the Santa Clara-based tech giant has gone on an outrageous growth journey as the rest of the tech world has come to its door begging for chips, known as GPUs, to power their AI ambitions.Here are some numbers for context. Nvidia began 2023 worth $350 billion, and ended it at $1.2 trillion. At the start of the week, it stood at $1.8 trillion. You can do the math.Here's another way of looking at it.
Supply chain issues triggered during the pandemic have had a knock-on effect on production — issues that are yet to be fully resolved.As a result, companies have been scrambling to get their hands on Nvidia's chips as fast as they can to make sure they have enough computing power to power their AI applications, and get an edge over competitors.There is reason to question just how long this crazed run for the stock can last.
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