Nvidia's dominant position in artificial intelligence chips has fueled massive growth and stock price gains in 2022, but the company must manage lofty expectations to sustain its rally.
Nvidia's AI Chip Dominance Drives Record Growth
Nvidia's blows past earnings expectations in recent quarters, led by its graphics processing units (GPUs) that power artificial intelligence services like ChatGPT. The company holds over 80% market share in AI chips, enabling it to ride the AI boom.
In May, Nvidia forecast Q2 revenue 50% above expectations, pushing its market cap over $1 trillion. This made NVDA the top S&P 500 performer
