TLDR:
- Nvidia has expanded beyond chips to invest in various tech industries that could be impacted by AI.
- The company has invested in dozens of startups in fields like pharmaceuticals and healthcare.
Nvidia, known for its chips, has seen a surge in its market cap, reaching over $2 trillion by February. The company’s success can be attributed to the demand for AI technology, which requires GPUs to power it. Nvidia has not only focused on chips but has also invested in startups applying AI in different industries. In the past year, the company has invested in nearly three dozen startups, ranging from software to pharmaceuticals and healthcare. These investments have paid off, with Nvidia’s stock soaring 239% since January 2023. By investing in AI-focused ventures, Nvidia aims to nurture its ecosystem and support companies that utilize its technologies. CEO Jensen Huang has highlighted the growth potential of this ecosystem, emphasizing collaborations with companies in various sectors like healthcare and finance. Overall, Nvidia’s strategy of expanding beyond chips and investing in AI-driven startups has proven to be successful, contributing to its continued growth and market dominance.
