Nvidia's success is largely due to its focus on AI, developing AI chips and GPUs for many brands and clients, and a large language model available for partners. Companies like Tesla and xAI use Nvidia's AI chips for running and developing models. Nvidia's shift to AI has resulted in a 628 percent increase in profits and a 268 percent revenue growth, leading to a four percent jump in stocks and $6.12 earnings per share. The company plans to deliver one new AI chip per year to further promote artificial intelligence.
Key takeaways:
- Nvidia is now the world's largest company with a valuation of $3.73 trillion, surpassing Apple which is currently valued at $3.38 trillion.
- The company's rise to the top is largely credited to its focus on artificial intelligence (AI), including the development of AI chips and GPUs.
- Nvidia's large language model (LLM) is used by top AI companies, and the company promises to deliver one new chip per year.
- Earlier this year, Nvidia saw a 628 percent increase in its profits and a 268 percent revenue growth, largely due to its focus on AI.