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Nvidia (NVDA) is at it again. This time around, it’s the first firm to breach the historic market capitalization of $5 trillion. This firm is at the forefront of the artificial intelligence era. More growth is anticipated as its latest line of chips called Blackwell picks up pace in data centers, cloud computing, and AI inference applications.
This optimism goes far beyond the headlines of Nvidia’s achievements. Big Tech customers such as Microsoft (MSFT), Meta (META), Alphabet (GOOGL) (GOOG), and Amazon (AMZN) continue to increase their spending on AI. This is a huge wind at the backs of the world’s leading semiconductor supplier. Revenue growth, profit margins, and stock buybacks continue to escalate. Shareholders could well be seeing the beginning of Nvidia’s next “Golden Wave.”