AI arrives, and Nvidia’s patience pays dividends

In the middle of a gold rush, the businesses selling shovels are usually the ones that end up getting durably rich.

10 July 2023

The trillion-dollar company club has just got a surprising new member: Nvidia.

Best known for making graphics cards for computer gamers, Nvidia's share price has nearly tripled since January 2023. So how did this maker of neon-strobing gaming equipment become a stock market darling overnight? Two words: artificial intelligence.

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