In the past year, Nvidia has invested in nearly three dozen startups, more than three times the number of investments it had in 2022. These investments, which range from software to pharmaceuticals and healthcare, have reportedly paid off, with Nvidia's financial statements showing its investments were worth about $1.55 billion as of January, compared to $300 million from the previous year. These investments also serve to further stimulate the demand for Nvidia's chips, expanding what the company refers to as the "ecosystem".
Key takeaways:
- Nvidia has significantly benefited from the AI boom, with its chips being essential for powering AI technology, leading to a market cap of over $2 trillion.
- The company is not only focusing on chips but is also investing in startups applying AI to various industries, with nearly three dozen investments in the past year.
- Nvidia's investments include a range of fields from software to pharmaceuticals and healthcare, including companies like Recursion Pharmaceuticals and Soundhound AI.
- These investments have not only provided financial returns but also further stimulate the need for Nvidia's chips, contributing to the growth of what the company refers to as the 'ecosystem'.