"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 leads the AI hardware market by designing powerful GPUs and related products that underpin most modern AI deployments, producing record revenue and a 1,300% five-year stock gain. Investor focus on Nvidia intensifies each earnings season because of its central role in AI growth and momentum. Meta generates substantial advertising revenue from Facebook, Messenger, WhatsApp, and Instagram, with recent quarterly revenue up 24% to $59 billion. Meta is investing in AI infrastructure and models to power features across its apps and future products, aiming to increase user engagement and monetization.
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