Other Tech Companies Set Eyes on Nvidia AI Chips

Tech giants everywhere are collaborating to counter Nvidia’s AI dominance. This speaks to the company’s dominant position in this space, resulting in the formation of the Unified Acceleration Foundation. The coalition, including Intel $Intel(INTC.US)$ , Alphabet $Alphabet-C(GOOG.US)$ $Alphabet-A(GOOGL.US)$ and others, aims to develop open-source software enabling AI code to run universally. This group targets a mature project phase by year-end.

After reaching a $2 trillion market cap, Nvidia stock is more driven to create AI-focused hardware that can be even better than its existing H100 and H200 chips. Despite Nvidia’s dominance with CUDA architecture, rivals are developing alternatives amid chip scarcity. UXL aims to create open-source solutions for AI and computing, seeking collaboration from chipmakers and cloud giants—Microsoft’s $Microsoft(MSFT.US)$ rumored partnership with AMD $Advanced Micro Devices(AMD.US)$ is yet another example of competitive interests lining up against Nvidia stock.