This Could Be a Make-It-or-Break-It Moment for Nvidia. Here's What to Watch For This Week.
Nvidia (NASDAQ: NVDA) has been one of the biggest winners of the artificial intelligence (AI) boom so far. The tech giant designs the world's most powerful chip -- a graphics processing unit (GPU) -- and it's become the star player in the AI buildout. GPUs are used to drive the most critical AI tasks, such as the training and inference of models.The company hasn't stuck to only chips, though. Instead it's constructed an AI empire, offering the products and services customers need to develop and expand infrastructure and eventually apply AI to real-life problems.All of this has helped drive Nvidia's revenue to record levels quarter after quarter; in the latest full year, revenue surged 114% to $130 billion. The company has also been able to generate high profitability on sales, with gross margin consistently topping 70%.Continue reading
Nvidia (NASDAQ: NVDA) has been one of the biggest winners of the artificial intelligence (AI) boom so far. The tech giant designs the world's most powerful chip -- a graphics processing unit (GPU) -- and it's become the star player in the AI buildout. GPUs are used to drive the most critical AI tasks, such as the training and inference of models.
The company hasn't stuck to only chips, though. Instead it's constructed an AI empire, offering the products and services customers need to develop and expand infrastructure and eventually apply AI to real-life problems.
All of this has helped drive Nvidia's revenue to record levels quarter after quarter; in the latest full year, revenue surged 114% to $130 billion. The company has also been able to generate high profitability on sales, with gross margin consistently topping 70%.
