This Artificial Intelligence Stock Is Headed Toward $1 Trillion. This Chart Shows Why.
Perhaps no other company has benefited more from the AI mania than chipmaker Nvidia (NASDAQ: NVDA). Nvidia's earnings report was solid, but its guidance was so far ahead of Wall Street expectations that the stock jumped well over 30% and the company briefly joined the $1 trillion market cap club. What really stood out on the earnings call was how well the company's data center business performed.