Nvidia Is Sitting on $26 Billion of Cash. Here Are 5 Ways the Company Is Investing Its Capital.
The artificial intelligence (AI) narrative is primarily concentrated in a small basket of stocks called the "Magnificent Seven". Indeed, Microsoft, Apple, , Tesla, Amazon, and Meta Platforms are all disrupting AI in their own unique ways.
But among megacap tech companies, perhaps the most important player is Nvidia (NASDAQ: NVDA). The semiconductor manufacturer is at the forefront of generative AI -- its graphics processing units (GPUs) and data center operations are playing a critical role in accelerated computing, machine learning, and more.
After generating record revenue in 2023, Nvidia is sitting on a $26 billion cash pile. Let's see how the company is investing its profits to help position itself for long-term growth.
Source Fool.com
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