Nvidia (NVDA) is a multinational technology company operating in the home-entertainment and professional markets.
More specifically, NVDA manufactures semiconductors. And these chips are used in everything from video games, 3D design, artificial intelligence (AI), and automobiles.
Meanwhile, NVDA has exposure to the cloud, data-center, and networking markets as well.
This has enabled the company to grow into one of the largest semiconductor manufacturers in the world. It has also given it the spending power to pursue strategic acquisitions.
Last year, NVDA announced it would purchase chip-designer Arm for $40 billion. And while it has hit road bumps over concerns that the deal could have negative impacts on competitors, it’s largely anticipated to eventually go through. Once this happens, NVDA will benefit from Arm’s services – which provides chip designs to the largest technology companies around.
But even beyond this agreement, NVDA’s ongoing focus on AI has allowed the company to sell its products to over 25,000 companies.
It also fueled the chip maker’s strong third-quarter performance. In the third quarter, NVDA said its earnings per share were $1.17 versus the estimated $1.11. The company’s revenue also came in above the $6.82 billion estimate at $7.1 billion.
And this momentum will likely only continue to grow in the years ahead, as demand for computers, mobile devices, and data centers will remain strong both in the near-term, as well as the long-term.
Tiny Biotech Wins $75 Billion Patent
On March 1, 2022, a tiny biotech firm won a patent on a new treatment that has the potential to “Cut & Paste” disease from your body.
The Wall Street Journal reports this company is “transforming medicine.”
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