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Nvidia Invested $1 Billion in AI Deals in 2024, Stock Soars 170%
Jan 2, 2025, 01:47 AM
Nvidia invested $1 billion in artificial intelligence (AI) deals in 2024, marking a 15% increase from 2023. The company participated in 50 funding rounds and several corporate deals, targeting 'core AI' companies with significant computational demands, many of which are Nvidia's customers. This strategic move aligns with the growing demand for Nvidia's high-performance GPUs, which are central to AI technologies. Nvidia also launched its Blackwell chip in 2024, which promises unprecedented performance for generative AI. The company's market capitalization surpassed $3 trillion in 2024, and its stock price rose over 170% during the year, driven by its dominance in the AI chip market and a surge in demand for AI-related advancements.
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