Nvidia Generated Nearly $50 Billion Thanks to Selling AI Products and Services This Year. But Here's Another -- and Completely Different -- Way AI Will Supercharge the Company's Earnings.

Nvidia (NASDAQ: NVDA) may be the biggest early winner of the artificial intelligence (AI) boom. The tech giant sells the world's most powerful chip along with a complete portfolio of AI products and services, making it the "go to" company for those launching an AI program. And this has produced big results when it comes to earnings and share price performance.The chip designer's shares have soared 2,600% over the past five years and are heading for a 183% increase this year. This is as earnings have taken off. Nvidia has reported triple-digit growth in revenue and profit quarter after quarter, and sales to AI customers make up the lion's share of revenue -- at 87% in the most recent quarter.Nvidia has generated a total of $48.9 billion in data center sales in the first and second quarters of this year -- this is compared to $14.6 billion from the data center business during the same period last year. This sounds fantastic, but data center sales aren't the only way AI will boost Nvidia in the coming years. Let's check out another -- and completely different -- way AI will supercharge this AI giant's earnings.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool