Nvidia, the world leader in artificial intelligence computing, just delivered a 10-year total return of 14,205% or 77% annualized. We have held long positions in the stock periodically since 2015 and we believe it still has material upside ahead.
Many investors are excited about the company’s growth potential and strategic vision. There is much to learn from Nvidia, and most recently, we were interested to hear about their investments in early-stage companies that are using artificial intelligence. In 2023, Nvidia invested in 35 companies in a wide range of industries.
Nvidia is now using its AI windfall to invest in startups, with hopes for more big bucks
Jeremy Owens, 12/11/23
Chip maker’s venture-capital arm used to be entirely focused on developing AI ecosystem, but leader of new NVentures says the company is now ‘investing for returns’
Nvidia Corp. will make more profit this year than the chip maker reaped collectively in its first 25 years as a public company, thanks to artificial intelligence, and its using some of those fresh billions to invest in AI startups to potentially reap an even larger windfall.
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