Business keeps booming for Nvidia on the heels of the AI surge. ⁠ ⁠ Earlier this week, the company passed Amazon and Alphabet to become the 4th largest company in the world by market cap, and the 3rd largest US company overall. ⁠ ⁠ Shares are up 50% YTD and 230% over the last 12 months.⁠ ⁠ Despite its success as a gaming PC chip-maker for much of its lifetime, the company has exploded over the last year and a half.⁠ ⁠ As recently as October 2022 the company's market cap stood at $279 billion. Since then, it's added over $1.5 trillion in value, becoming the go-to source for AI server chips which Google, Amazon, Microsoft, and Meta are buying up by the thousands. ⁠ ⁠ The company reports its latest earnings next Wednesday, which are sure to show another blockbuster quarter. ⁠ ⁠ #nvidia #artificialintelligence #AI #business #businessnews #technews