Nvidia, a powerhouse in the tech industry, has experienced remarkable growth in the past 18 months. Starting as a $360 billion company in 2023, it has now ascended to the prestigious $3 trillion club, joining the ranks of Apple and Microsoft.
This phenomenal 826% surge in Nvidia’s stock price can be attributed to the soaring demand for its data center graphics chips tailored for AI development. In the first quarter of fiscal 2025, ending on April 28, Nvidia witnessed a staggering 427% increase in data center revenue, reaching a new high of $22.6 billion.
Recognizing its newfound prosperity, Nvidia made strategic investments in five AI companies at the close of last year. These strategic moves hint at CEO Jensen Huang’s vision for the future of AI innovation.
Image source: Nvidia.
Exploring Nvidia’s Strategic Investments
As per a 13F filing with the Securities and Exchange Commission on Feb. 14, Nvidia’s investments were directed towards five promising…
2024-06-12 04:30:00
Link from finance.yahoo.com
