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Tom Yeung here with your Sunday Digest.
At the start of 2021, Nvidia Corp. (NVDA) was a $330 billion company. It had a significant data-center business, but still mostly built chips for gaming computers and consoles.
As you well know, Nvidia would transform into an AI behemoth. ChatGPT debuted in late 2022, a massive AI data-center buildout began the following year, and Nvidia is now the most valuable company on Earth. Investors during that stretch enjoyed a roughly 940% return.
One by one, other AI-related companies have also seen their “Nvidia moment” arrive:
