"Over the past few years, at the start of every earnings season, technology investors have looked for clues about what to expect from one company in particular: Nvidia (NASDAQ: NVDA). Why such a focus on this player? Because Nvidia has been the key company fueling the high-growth and potentially game-changing industry of artificial intelligence (AI). Nvidia designs the world's most powerful AI chips, known as graphics processing units (GPUs), as well as a full portfolio of related products and services."
"Before diving in, though, let's talk a bit about Meta, a company that's also proving to be a major AI player. You probably know Meta best for its social media apps, from Facebook and Messenger to WhatsApp and Instagram. And these apps are immensely important as they drive revenue -- advertisers pay to promote their products and services across the apps, where they can easily reach us."
Nvidia produces the most powerful AI chips (GPUs) and a suite of related products and services that have become essential for building AI applications. Nvidia's revenue has grown in double- or triple-digit percentages year over year, contributing to a roughly 1,300% stock increase over five years and intense investor focus at earnings seasons. Meta operates major social apps—Facebook, Messenger, WhatsApp, and Instagram—that generate advertising revenue and drove quarterly revenue up 24% to $59 billion. Meta has invested in AI infrastructure and models to power app features and future products, aiming to increase user engagement and monetization.
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