This year’s revenues are anticipated to be around $215 billion, with the figure expected to surpass $300 billion next year.

Appaloosa's billionaire boss has changed course with Nvidia, but bid adieu to an AI stock that recently flirted with a trillion-dollar valuation.

The internet giant has released new AI software and struck deals, such as a chip tie-up with Anthropic PBC, that have reassured investors the company won’t easily lose to ChatGPT creator OpenAI and other rivals.

Nvidia‘s (NASDAQ:NVDA) evolution from a gaming chips maker to the premier supplier for AI systems has been nothing short of astounding. The market has responded in kind, sending its stock soaring 1,000% over the past three years and elevating the company to the most-valuable in the world with a $4.

Is there a more promising option? It appears that its counterpart, NVIDIA, offers you more. NVIDIA (NASDAQ: NVDA) stock

"There is no question that Nvidia will make a bunch of money," Gary Marcus, a professor emeritus of psychology and neuroscience at New York University, who specializes in AI, told ABC News. "There are many questions about where the market is headed after this initial burst of enthusiasm."

Nvidia’s sales of the computing chipsets powering the artificial intelligence craze surged beyond the lofty bar set by stock market analysts in a performance that may ease recent jitters about a Big Tech boom turning into a bust that topples the world’s most valuable company.

Nvidia has dominated the artificial intelligence (AI) hardware market, but there are new competitors on the horizon.