- Nvidia could soon become the world’s most valuable company.
- That’s despite the chipmaker being no household name or big consumer brand such as Apple or Amazon.
- Investors are betting the maker of graphics chips will play a crucial role in the AI revolution.
It’s a little weird to think a business that many people have never heard of or bought anything from — and has a name they don’t know how to say — could soon become the . As a result, Nvidia’s revenue more than doubled to $61 billion last year, fueling a nearly sevenfold rise in net income to $30 billion.
For comparison, Apple’s sales hit $383 billion and profits were $97 billion last financial year, but it’s growing far more slowly.
It’ll be fascinating to see whether Nvidia becomes a major consumer brand over time, or keeps powering other companies’ AI efforts while largely staying out of the spotlight.
Read the original article on Business Insider