The AI Chip Market in 2026: Nvidia Dominates, AMD Accelerates, and Startups Change the Game
In the third fiscal quarter of 2026, Nvidia reported revenue of $51.2 billion in data centre, a 66% increase from the previous year, representing 90% of total revenue. In December 2025, Nvidia acquired Groq for $20 billion. In April 2026, OpenAI committed over $20 billion in chips from Cerebras. The AI chip market reached $38.1 billion in 2025 and is expected to grow to $377 billion by 2033.