Nvidia's AI Software and Infrastructure Fuel Over $10B in Revenue Beyond Graphics Chips
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Nvidia gets about 15% of its $72B in annualized revenue from software, services, and networking products related to AI and other growth markets.
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Nvidia has quickly grown an AI software business to over $1B in annual revenue with products like AI Enterprise, DGX Cloud, and Omniverse Cloud.
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Nvidia acquired Mellanox in 2019, fueling a fast-growing $10B networking product business focused on AI infrastructure.
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Nvidia's full stack of AI products across infrastructure, software, and services cements its leadership and provides a competitive moat.
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Though trading at a premium, Nvidia is well-positioned for 25%+ annual sales growth through 2030 based on strong graphics and AI market tailwinds.