Nvidia's (NASDAQ: NVDA) stock has rallied more than 26,000% over the past decade. From fiscal 2014 to fiscal 2024 (which ended this January), the chipmaker's revenue grew at a compound annual growth rate (CAGR) of 31% as its earnings per share (EPS) rose at a CAGR of 50%.

That impressive growth was driven by the rapid expansion of its data center business, which sells high-end graphics processing units (GPUs) for machine learning and artificial intelligence (AI) tasks, and its steady sales of gaming GPUs, which could also be used to mine certain cryptocurrencies. It also expanded its automotive chip business and ramped up its shipments of Tegra system-on-chips (SoCs) for other devices.

Image source: Getty Images.

Continue reading

Source Fool.com