Nvidia almighty: Chip riches flood through AI universe
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Nvidia made billions selling AI's essential ingredient: chips.
Key facts
Already the world's most valuable company, Nvidia is now worth more than five of the 11 sectors that make up the S&P 500
Nvidia has become the AI industry's supplier, banker and kingmaker, feeding a self-reinforcing cycle in which chip profits finance the next wave of chip demand
Nvidia's vast chip windfall has enabled the company to take on a new role as financial patron of the entire AI industry
What they're saying: Huang argues Nvidia's expanding reach reflects a position no other company can match, calling its role in the AI market "singular
Summary
Now it's plowing those riches straight back into the AI ecosystem, betting on a buildout that craves ever more compute. Nvidia has become the AI industry's supplier, banker and kingmaker, feeding a self-reinforcing cycle in which chip profits finance the next wave of chip demand. Already the world's most valuable company, Nvidia is now worth more than five of the 11 sectors that make up the S&P 500. The chipmaker reported nearly $60 billion in quarterly profit Wednesday, prompting The Kobeissi Letter to call the results "the most impressive earnings in history. Nvidia believes its reign is far from over, telling investors to expect roughly 70% revenue growth even from today's extraordinary heights.