RESOLVING THE LEDGER
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Developments in artificial intelligence (AI) in early 2023 marked a turning point for chipmaker Nvidia (NASDAQ:NVDA) . The company's graphics processing units (GPUs) , already the top choice for serious gamers everywhere, quickly dominated the data center space, providing the sheer number-crunching capability demanded by AI processing.
Since then, Nvidia's financial results have been on a blistering run, with a 1,490% increase in revenue and a 4,120% jump in net income. These blistering financial results have driven the stock up 1,410%, providing a windfall for shareholders along the way. Investors had begun to wonder if the results were sustainable, as Nvidia's market cap has swelled to $5.33 trillion, making it the world's largest public company (as I write this).
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