Artificial intelligence has delivered seemingly daily wonders for the past 18 months. For investors, the biggest surprise has been the rise of Nvidia (NVDA), which has come from humble roots to thoroughly dominate the market for AI-related chips, Eric J. Savitz writes in this week’s edition of Barron’s. But fresh competition is coming – from companies big and small – and the battle will be fierce, the author notes. The stakes couldn’t be bigger: Lisa Su, the CEO of AMD (AMD), has sized the AI chip market at $400B by 2027. Intel (INTC) CEO Pat Gelsinger has projected a $1T opportunity by 2030. That’s almost twice the size of the entire chip industry in 2023.
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