Nvidia steps up its transition to an AI company


Nvidia reported earnings that beat expectations and showed that the company's focus on artificial intelligence is still paying off. For the past decade, Nvidia has been rising above graphics chips for gamers, expanding to parallel processing in data centers and lately to artificial intelligence processing for deep learning neural networks and self-driving cars. The company reported earnings per share of $1.33 (up 60 percent from a year ago) on revenue of $2.6 billion (up 32 percent), beating Wall Street's expectations. The company's stock price is up more than 100 percent in the past year on the popularity of artificial intelligence. But it slumped during the day on Thursday, along with the broader market.

3 Growth Stocks That Could Soar More Than Nvidia -- The Motley Fool


NVIDIA's (NASDAQ:NVDA) graphic cards have long been favorites among hardcore gamers, but who would've thought the chipmaker's stock would explode the way it has in recent times? The share price has more than tripled in just the past year, turning NVIDIA into a near eight-bagger in just five years. It's more an artificial intelligence computing company today, having made huge headway in two of the hottest technology fields of our times: AI and self-driving cars. For investors looking to find the "next NVIDIA," the trick is to find a company that is sitting on a big growth opportunity, or is already tapping into a soon-to-heat-up trend, but that is still flying under Wall Street's radar. These are stocks with the potential to soar.