Should You Follow Nvidia Into This Artificial Intelligence (AI) Stock?

Nvidia (NASDAQ: NVDA) is the leading supplier of graphics processing units (GPUs) for data centers, which are used to develop advanced artificial intelligence (AI) models. The company consistently grew its quarterly revenue by triple-digit percentages over the past year, propelling its market capitalization to $3.2 trillion.Now, it's spreading some of its wealth by investing in smaller companies in the AI industry. It bought shares in a handful of companies at the end of 2023, including top performers Arm Holdings and SoundHound AI.According to a July 18 regulatory filing, Nvidia also converted a promissory note to acquire 1 million shares of Serve Robotics (NASDAQ: SERV), which develops autonomous last-mile delivery solutions. It invested a total of $12 million into Serve since 2022, and currently owns 3.7 million shares, which represents around 8% of the company. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool