Amid AI Boom. Should I own it?

Nvidia is capitalizing on the rise of AI in a way that no other company can match today.

Nvidia (NASDAQ:NVDA) soared in the stock market on Wednesday, posting better-than-expected results in its first-quarter earnings report and offering surprising guidance for the second quarter.

Shares ended the secondary market session nearly 25% higher, adding close to $200 billion in market value.

The world's most valuable semiconductor company actually reported a year-over-year decline in revenue, which was expected as it faces tougher comparisons in its gaming segment.

However, all eyes were on the data center segment.

The sector reflects the growing demand for artificial intelligence (AI) chips, which has skyrocketed since the launch of ChatGPT late last year.

Data center revenue grew 14% year over year and 18% last quarter to a record $4.28 billion, and Nvidia management forecast an acceleration in demand for AI capabilities.

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CEO Jensen Huang said: "One trillion dollars of installed global data center infrastructure will be transformed from general-purpose computing to accelerated computing as companies race to implement generative AI in every product, service and process." commercial".