Nvidia's Jensen Huang Just Announced Incredible News for Shareholders

Nvidia (NASDAQ: NVDA) clearly emerged as the winner of the early phases of the artificial intelligence (AI) boom. The company focused the development of its chips on serving the AI market, and this bet turned out to be a good one. Since Nvidia's chips were the fastest around, customers eager to excel in AI flocked to the tech giant. And it's important to note that these chips -- graphics processing units (GPUs) -- are key to driving essential AI tasks, making them a crucial tool for AI success.All of this supercharged Nvidia's growth in a pretty short period of time -- the company's annual revenue soared to $130 billion last year from $27 billion only two years earlier. And today the momentum continues, with Nvidia still dominating the AI chip market and translating that into record revenue. In the recent quarter, revenue climbed 56% to about $46 billion.Investors have cheered the company on from quarter to quarter, helping the stock advance more than 1,100% over the past three years. And today the great news is this exciting story may be far from over. In fact, Nvidia chief Jensen Huang just announced incredible news for shareholders.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool