Artificial intelligence (AI) stocks have driven gains in this bull market, with Nvidia (NVDA -2.12%) leading the charge. The company is the world’s top designer of AI chips and has built an empire of related products and services, achieving double- and triple-digit revenue growth. In its latest earnings report, Nvidia showcased record quarterly and full-year revenue, surpassing analysts’ estimates. Despite investor concerns about competition from low-cost chips, Nvidia’s CEO Jensen Huang delivered reassuring news. The company launched its new Blackwell architecture, generating $11 billion in revenue in its first quarter. This platform is particularly suited for inferencing, a task requiring significant compute power, ensuring customer retention. Huang emphasized that Blackwell offers up to 25 times higher token throughput and 20 times lower cost than its predecessor. With tech giants committed to AI spending, they are likely to continue using Nvidia’s powerful tools. — news from The Motley Fool
