The rise of chip capitalism

The news that chipmaker Nvidia has achieved a $2tn market value, overtaking both Amazon and Alphabet to become the third largest company in the US, gives a strong hint of the next stages in the entangled relations between capitalism and technology. Fuelled by a push for artificial intelligence, we could think of this as the rise of a type of chip capitalism. Nvidia’s recent surge meant it had already overtaken Meta a few weeks ago. It is now only behind Apple and Microsoft in market value. The <a href="https://www.ft.com/content/fd9d3719-31af-4d7c-9eb3-fce801e213fc" rel="noopener ugc nofollow" target="_blank">FT’s report on this increase in Nvidia’s market value</a> concluded that it is ‘enthusiasm about the prospects of artificial intelligence fuelling an eighth straight week of gains for the chipmaker’s shares.’ <a href="https://medium.com/@davidgbeer/the-rise-of-chip-capitalism-5e4a5434bdb0">Visit Now</a>