Silicon Valley chipmaker Nvidia plans to supply its graphics processing units for projects with the South Korean businesses and government to advance the country’s artificial intelligence infrastructure and technologies.

Samsung Electronics will deploy more than 50,000 Nvidia graphics processing units, embedding artificial intelligence throughout the semiconductor manufacturing flow.

Qualcomm announced the AI200 and AI250 and has plans to release AI chips annually.

US tech giant Nvidia said on Friday it will supply 260,000 of its most cutting-edge chips to South Korea, as CEO Jensen Huang met President Lee Jae Myung and the heads of Korea's biggest companies

Nvidia Corp., based in Santa Clara, Calif., achieved a historic $5-trillion market capitalization on Wednesday.

Nvidia CEO Jensen Huang urges the US to stay engaged with China in the global AI race, warning that isolation could hurt innovation and long-term leadership.

“Nvidia hitting a $5 trillion market cap is more than a milestone; it’s a statement, as Nvidia has gone from chip maker to industry creator,” Matt Britzman, senior equity analyst at Hargreaves Lansdown, which holds shares in the company, told Reuters.

Although Nvidia remains popular with many billionaire investors, it's not their favorite AI stock. The only AI common denominator for billionaires Ken Griffin, Izzy Englander, Chase Coleman, David Tepper, Bill Ackman, and Warren Buffett is Amazon. Amazon has tremendous AI-related growth prospects.

Druckenmiller was quick to see the growth opportunities for Nvidia and Palantir. Valuation concerns ultimately led him to shed both stocks from his portfolio. This trillion-dollar company offers a more compelling value with multiple avenues for AI growth.