2024-07-10 07:45:00 ET
Nvidia (NASDAQ: NVDA) is one of the most closely watched companies in the world. It was once primarily known as a top supplier of gaming GPUs for PCs, but it subsequently evolved into the dominant producer of high-end data center GPUs.
Nvidia now generates most of its revenue from its data center GPUs, and demand for those chips is still outstripping supply as the artificial intelligence ( AI ) market expands. That's why its stock rallied more than 3,000% over the past five years, and why it's considered a linchpin and bellwether of the AI industry.
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For further details see:
Nvidia Is Buying Shares of These 5 AI Companies. Should You Do the Same?