Nvidia has solidified its leadership in the AI industry by investing $1 billion in the acquisition and funding of 50 startups in 2024, according to Financial Times.
The startups primarily focus on core AI technology, requiring high computational power, thus becoming loyal customers of Nvidia.
Tech giants such as Microsoft, Apple, and Google have purchased Nvidia processors worth tens of billions of dollars over the past two years amid massive investments in AI technologies.
However, these companies are seeking to reduce their dependence on Nvidia by developing their own hardware solutions.
Nvidia's stock has surged by 171% in 2024, bringing the company's market capitalization to an impressive $3.289 trillion.
This financial rise underscores Nvidia's successful strategy and its dominant role in the technology industry.