NVDA - Nvidia: Data Center Dominance Has Only Just Begun
2024-06-28 09:38:48 ET
Summary
- Nvidia Corporation's stock has surged, briefly making it the world's largest company by market capitalization.
- Nvidia's data center business has quadrupled year over year, with CEO Jensen Huang predicting an additional $1 trillion in data center investment in the next four years.
- Despite Nvidia's extraordinary growth, there is room left to run, as the global data center rush has only just begun.
- We explore the booming data center industry, focusing on forward developments and Nvidia's market dominance.
Over the past several years, the rise of Nvidia Corporation ( NVDA ) stock has been one of the most significant financial representations of the artificial intelligence gold rush. With the benefits of AI espoused far and wide, it comes as no surprise that the largest manufacturer of data center chipsets is benefiting symmetrically. No piece of NVDA’s story was more impressive than last week, when NVDA briefly became the world’s largest company by market capitalization....
Nvidia: Data Center Dominance Has Only Just Begun