Nvidia was a $360 billion company at the start of 2023. A mere 18 months later, it's now worth $3.1 trillion, making it the world's third-largest company behind and Apple.

Nvidia designs the most powerful graphics processing units (GPUs) for data centers, which developers use to build, train, and deploy artificial intelligence (AI) models. In the recent fiscal 2025 first quarter (ended April 28), those chips sent the company's data center revenue skyrocketing 427% year over year to a record $22.6 billion.

Nvidia is now spreading some of that wealth by investing in smaller AI companies, a strategy that supports the industry's growth and could lead to a nice return for its own shareholders if the bets pay off.

Continue reading

Source Fool.com