Intel generated over $50 billion in revenue in 2023, accounting for 9.4% of the semiconductor market. The company is, however, facing significant challenges, with a 15% decline in revenue from $60.8 billion in 2022.15% decline Intel's foundry business (semiconductor manufacturing) also reported an operating loss of $7 billion on sales of $18.9 billion last year, compared to a loss of $5.2 billion on sales of $27.5 billion in 2022. Consequently, Intel's share prices dropped significantly after disclosing these financials. In contrast, Nvidia is closing the revenue gap with Intel, having declared a gross revenue of $49 billion for 2023, capturing 9% of the market. This marks a 133% increase from its 2022 revenue of $21 billion. Nvidia's prominence in the tech industry has been solidified by the growing demand for large AI models, establishing the company as a key player in server development with its high-end graphics processors. Its market capitalization also reached a new high of over $2 trillion in 2024, surpassing Alphabet to become the third most valuable US company, following Microsoft and Apple, placing it above the combined GDP of Australia and New Zealand in terms of valuation.