"Nvidia designs the world's most powerful AI chips, known as graphics processing units (GPUs), as well as a full portfolio of related products and services. It seems unthinkable these days to build an AI presence without leaning at least somewhat on Nvidia. All of this has helped the market giant deliver record revenue, growing in the double or triple digits year over year. And this has pushed the stock price to tremendous gains, increasing 1,300% over five years."
"Before diving in, though, let's talk a bit about Meta, a company that's also proving to be a major AI player. You probably know Meta best for its social media apps, from Facebook and Messenger to WhatsApp and Instagram. And these apps are immensely important as they drive revenue -- advertisers pay to promote their products and services across the apps, where they can easily reach us. This has helped Meta's revenue to soar year after year. In the recent quarter, it climbed 24% to $59 billion."
Nvidia produces leading AI GPUs and a broad set of related products and services that are central to many AI deployments. The company has achieved record revenue with double- or triple-digit year-over-year growth and a roughly 1,300% stock increase over five years. Continued momentum remains a key focus for investors monitoring demand signals. Meta operates major social apps that generate advertising revenue and reported a 24% quarterly revenue rise to $59 billion. Meta is investing in AI infrastructure and models to boost user engagement and advertising effectiveness, which should support ad spending and demand for AI chips.
Read at The Motley Fool
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