Nvidia, which makes microchips that power most artificial intelligence applications, began an extraordinary run a year ago.
Fueled by an explosion of interest in A.I., the Silicon Valley company said last May that it expected its chip sales to go through the roof.
They did — and the fervor didn’t stop, with Nvidia raising its revenue projections every few months.
Its stock soared, driving the company to a more than $2 trillion market capitalization that makes it more valuable than Alphabet, the parent of Google.
On Wednesday, Nvidia again reported soaring revenue and profits that underscored how it remains a dominant winner of the A.I.
Persons:
sevenfold
Organizations:
Nvidia, Google, Revenue
Locations:
A.I