after the stock market's close on Wednesday, beating analysts' expectations, according to LSEG estimates. Nvidia reported $30.04 billion in revenue for its fiscal second quarter, a 122% surge compared with the same period last year.
It may be tempting to go all in on a given company following a wave of positive news. However, before you part with your investment dollars, it's important to understand crucial elements of the business, including what the company does and what gives it an edge.by Jensen Huang, Curtis Priem and Chris Malachowsky. The trio envisioned creating computer chips that could bring 3D graphics to gaming and went on to create its graphics processing unit in 1999.
It's estimated that Nvidia dominates between 70% and 95% of the market for AI chips that are used to train and power AI models like OpenAI's ChatGPT, according to Mizuho Securities' data
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