Nvidia Soars to Heights on AI Demand, Could Become World's Most Valuable Company
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Nvidia is the hottest player in AI thanks to its cutting-edge GPUs that power AI servers. It commands about 90% of the high-margin AI/accelerated computing GPU market.
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Nvidia stock has soared over 240% in the past year due to explosive growth. Its market cap now stands at $2.27 trillion, making it the 3rd most valuable company.
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Incredible leaps in AI in late 2022 have ramped up demand for Nvidia's advanced processors. Sales and earnings have skyrocketed as a result.
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Nvidia's net income margin hit 49% last year, incredibly high for a hardware company, showing how in-demand its GPUs are.
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If AI demand keeps surging, Nvidia could surpass Apple and Microsoft to become the world's most valuable company in the next 5 years.