Nvidia Owns 6 Artificial Intelligence (AI) Stocks. Here's Why 1 (SoundHound AI) Plunged by 32% Last Week.
Nvidia (NASDAQ: NVDA) was a $360 billion company at the start of 2023, but just two years later, its worth has accelerated to a whopping $3.3 trillion. The main driver behind the company's incredible growth is Nvidia's graphics processors (GPUs) for data centers, which are the best in the world for developing artificial intelligence (AI) models.
AI has been a big driver of its growth and Nvidia is looking for ways to ensure AI keeps fueling its growth going forward. To help with that, over the past year or so, CEO Jensen Huang has been spreading some of Nvidia's wealth by investing in other AI stocks.
Image source: Nvidia.
Source Fool.com
