Note: This newsletter is not investment advice.
Five years ago, Nvidia was a second-tier semiconductor company known for giving Call of Duty better resolution. Today it's the third-most-valuable company on Earth, with a dominant 80% share in AI chips, the processers underpinning the largest, fastest creation of value in history ($8 trillion). Since fellow AI supernova OpenAI released ChatGPT in October 2022, Nvidia's value has increased by $2 trillion, or about the value of Amazon. This week, Nvidia reported monster quarterly earnings - its core business, selling chips to data centers, was up 427% year ...
