You're not seeing wrong. NVIDIA's market capitalization has reached 3.34 trillion US dollars, equivalent to 26 trillion yuan, surpassing Microsoft and Apple and ranking first globally.

In the past 10 years, NVIDIA has increased by 300 times, and in the past 2 years, NVIDIA has increased by 10 times.

From a purely market capitalization perspective, one NVIDIA equals 26 Intels (130.4 billion US dollars), 13 AMDs (249.9 billion US dollars), 3.6 TSMCs (932 billion US dollars), and 14 Moutais (1.89 trillion yuan).

Isn't that exaggerated? Comparing it with the top 15 countries in global GDP in 2023, you'll find that 3.34 trillion US dollars can rank as the 7th largest economy in the world, surpassing the GDP of countries like France and Italy.

Of course, comparing GDP with market capitalization is a rather ridiculous comparison method that seems meaningless, but it still has reference value. You can see how terrifying 3.34 trillion US dollars is.

In fact, comparing NVIDIA with Microsoft and Apple, whose market capitalizations also exceed 3 trillion US dollars, it can be seen that NVIDIA's actual performance lags far behind.

Microsoft had a revenue of 211.915 billion US dollars and a profit of 72.361 billion US dollars in 2023. Apple had a revenue of 383.285 billion US dollars and a profit of 96.995 billion US dollars in 2023.

And NVIDIA? It has a revenue of 60.9 billion US dollars and a profit of 29.76 billion US dollars. Compared to Microsoft and Apple, it's still quite a bit behind.

Of course, you might argue that the capital market doesn't look at the present, but at the future. NVIDIA is currently the global leader in AI chips, capturing more than 90% of the global market share. With the explosion of AI, future revenue and profits are expected to skyrocket.

But here comes the question: Is NVIDIA's market space really limitless in potential?

In fact, few companies that purchase NVIDIA's AI chips are making money. Microsoft, openAI, and others have actually fallen into confusion, unsure of their future.

Initially, everyone believed that AI would lead the 4th Industrial Revolution, so they rushed in, but now it seems that the commercialization of AI is a very difficult task.

When something doesn't make money, will people continue to rush in? The answer is no. Once these big players stop buying AI chips in such a frenzy, where will NVIDIA's growth come from?

Moreover, NVIDIA has competitors, such as Intel, AMD, and others abroad. Additionally, some manufacturers do not purchase NVIDIA's chips and are developing their own AI chips, such as Google, Amazon, and others.

In China, Huawei, Haiguang, Moor Threads, and others all have AI chips, and Alibaba and others are also developing AI chips. Although some of these manufacturers do not use NVIDIA's general