2024-02-23 09:14:10.AIbase.5.6k
Nvidia: Not Relying on Graphics Cards for Profit, Successful Transformation into AI
Nvidia's market value surged by $277 billion in a single day, setting a record for the largest increase worldwide. Cramer believes Jensen Huang is more visionary than Elon Musk, leading the industrial revolution. Nvidia's successful transformation has made its data center business the main source of revenue. In the fourth quarter of fiscal year 2014, Nvidia's revenue grew by 265% year-over-year, and net profit increased by 769%.