Nvidia Has Racked Up a Nearly $20 Billion Profit Over the Last 5 Months From an Unlikely Source

No trend has played a bigger role in sending the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite to record highs than the evolution and proliferation of artificial intelligence (AI). Empowering software and systems with the tools to make autonomous, split-second decisions is a $15.7 trillion global opportunity by 2030, according to PwC analysts. And no company has been more foundational to this AI-driven rally than Nvidia (NASDAQ: NVDA), which has added nearly $4.8 trillion in market value since the start of 2023. While Nvidia's graphics processing units (GPUs) have done most of the heavy lifting, CEO Jensen Huang's company has racked up a nearly $20 billion profit from an unlikely source over the previous five months.Image source: Nvidia.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool