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Key Points
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Top Nvidia customers, including Google, Amazon, and Microsoft, are developing their own AI chips to reduce reliance on Nvidia.
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Bitcoin’s market cap is currently $2.2 trillion, while Nvidia’s briefly peaked above $5 trillion.
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Nvidia has a P/E ratio of approximately 56 as it faces increasing competition in the AI hardware market.
Google, Amazon, and Microsoft are designing their own AI chips, impacting Nvidia’s market dominance. The competition is intensifying as Nvidia’s valuation relies on sustained hypergrowth and customer loyalty amid alternate AI solutions. Bitcoin is projected to potentially surpass Nvidia’s market cap by 2030, primarily due to its independent valuation model as “digital gold.”
As of now, Bitcoin’s market cap of $2.2 trillion could stand to increase with institutional interest and upcoming ETF opportunities, while Nvidia’s current valuation challenges present uncertainty in its continued growth trajectory.
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