It may have escaped your notice, but word on the street is that Nvidia is doing rather well of late.released earlier this year revealed gigantic revenue and net income figures thanks to surging AI demand, and now a recent report from Trendforce shows that the company has overtaken Qualcomm to become the biggest chip designer by revenue, too.that Nvidia raked in $55.268 billion in revenue in 2023, in contrast to the second biggest chip designer, Qualcomm, which managed $30.
Still, these figures are sure to put a smile on the face of Nvidia CEO Jensen Huang, who has been busy announcing next-generation Blackwell AI GPUs that already seem to be, with revenue growth predicted to continue to rise into 2024 thanks to the new Blackwell chips. AMD's revenue meanwhile fell by 4% to $22.68 billion last year, with the slight stumble attributed to sluggish PC demand and inventory reduction.
Having a strong foothold in AI hardware seems to have done wonders for Nvidia's figures, and certainly bodes well for continued revenue in the coming months. The company seems to have been raking in the gains, and with these sorts of earnings and a sustained AI demand that seems to show no signs of slowing, it's difficult to imagine any of its competitors knocking it off the top spot for a long while to come.