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Jen-Hsun Huang, president and chief executive officer of Nvidia. Photo by Bloomberg
The Briefing
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A New Chip King: The Information’s Tech Briefing

Photo: Jen-Hsun Huang, president and chief executive officer of Nvidia. Photo by Bloomberg

The tech industry saw a symbolic passing of the baton on Thursday, as the market capitalization of Nvidia—the top maker of chips for artificial intelligence projects—surpassed that of Intel, long Silicon Valley’s most dominant chip provider, for the first time, reported Reuters.

The shift underscores the strategic importance many companies are placing on AI, and how investors expect Nvidia to remain a preeminent provider of chips for autonomous vehicles. Its shares are up 77% this year.

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