Nvidia, a leader in the cloud computing space, faces competition from Intel, AMD, and several AI chip startups. Despite this, Nvidia maintains a strong market presence due to its Compute Unified Architecture. Significant growth is expected for Nvidia's fiscal year, with potential earnings increases of over 200%. Nvidia's technology is dominant in AI applications, making competition tough for startups. However, tech giants like Google and Amazon have been developing their own AI chips, posing serious competition for Nvidia.