Nvidia Is Now Worth More Than $3 Trillion. Here's How the Company Makes Money
Only six months into 2024, both the S 500 and Nasdaq Composite have posted double-digit gains and are each hovering around record levels.
One of the biggest beneficiaries of the bull market is semiconductor darling Nvidia (NASDAQ: NVDA). Shares of the chip giant are up a whopping 156% so far this year, and the company even briefly passed as the most valuable company in the world after its market cap eclipsed $3.3 trillion.
Although Nvidia is mostly known for its semiconductor chips, there is far more to the business. Let's break down how Nvidia makes money and what it means for the longer-term thesis surrounding artificial intelligence (AI).
Source Fool.com