You thought only Microsoft and Tesla are buying Nvidia's chips? Here are some unexpected companies that are doubling down on the AI titan's chips

Microsoft, Nvidia and Tesla are currently one of the most hyped companies in the world who are banking on AI for their massive boom at the US stock market. However, these three companies share a very symbiotic relationship among themselves, and for all the right reasons, as Microsoft and Tesla acquire various chips from Nvidia for their necessary requirements.

Nvidia GPUs are the talk of the market now, and it is the sole reason why its stocks are skyrocketing at the US stock market. Meanwhile, there are a lot of talks about the chipmakers shipping their AI products to various surprising companies, including ByteDance, which is popular for its application, TikTok, that is one of the most popular social media apps in the world. Although it is banned in a few countries due to various security and privacy policies, its popularity continues to surge, and may even become more advanced Nvidia's AI chips come into play during the development process behind it.

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Tencent is another company that has ordered a bulk of Nvidia's AI chips. Known for their popular game, PUBG, Tencent took over the entire mobile gaming market during the pandemic period, and making this game one of the most popular on the planet, both, the PC and mobile versions. A few hundred thousand chips have been ordered by these companies, and many more can be ordered in the near future, claim reports.

FAQs:

Is Nvidia's stock going to grow further?
Yes, after Nvidia's decision of introducing AI-reliant GPUs, it's stock has shot through the roof, and is now growing at a phenomenal pace.

Has the Nvidia stock crashed in the past few days?
No, the Nvidia stock has not crashed in the last few days, and has instead been on a superb run for a long time now.