Key Facts
- Nvidia (NASDAQ: NVDA) is currently the leading AI chipmaker, reporting $148.5 billion in revenue and nearly $77 billion in profits over the past year.
- CoreWeave (NASDAQ: CRWV), which rents out AI computing power and access to Nvidia’s chips, generated $1.2 billion in revenue for Q2 2023, up from $395 million in the same quarter last year.
- CoreWeave’s projected full-year revenue growth for 2023 is 174%, but its market cap is under $34 billion, significantly smaller than Nvidia’s nearly $4.3 trillion valuation.
Nvidia’s sales to China are expected to increase after the company agreed to give the U.S. government a 15% cut of those sales to continue its operations in the region.
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