Nvidia is expanding its empire
- 1 day ago
- 1 min read
THE ECONOMIST — How high can Nvidia climb? Much higher, if Jensen Huang is to be believed. He has claimed that the hundreds of billions of dollars spent so far on AI infrastructure are just the start and that “trillions” more will follow.
What is more, Nvidia has the resources to benefit. Its operating cashflows match those of the other tech giants. The firm holds more than $62bn in cash, a third of it generated in the past year.
To capture the opportunity Mr Huang plans to change Nvidia into a “foundational company” on which the AI economy rests. That means selling different types of chips and hardware, bundling products into complete AI systems and embedding Nvidia’s technology more deeply into different industries. In short, Nvidia is becoming much more than an ai chipmaker.
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