“There’s a war going on out there in AI, and Nvidia is the only arms dealer,” Raymond James managing director Srini Pajjuri said in one of his market analyses. It’s a succinct and unimpeachable statement of fact. Nvidia’s unparalleled AI hardware is the engines powering almost every player in the AI race.

This has been the case for a while, but 2023 has been a landmark year for Nvidia, a period marked by meteoric growth and industry dominance, with AI turning the company into a cultural phenomenon.

Investors have certainly noticed. Nvidia stock (NASDAQ:NVDA) is up over 200% since the end of 2022, and is today flirting near its all-time high just north of $499 a share.

Amidst this surge, company CEO Jensen Huang is also becoming a fashion icon of a sort, with a signature black leather jacket that’s reminiscent of Steve Jobs’ iconic turtleneck. Huang’s look has become a symbol of tech culture, and his flair and hardware chips became so powerful that the Biden administration declared their products a matter of national security. Suddenly, Nvidia chips were a major chess piece in the technological war being waged from multiple fronts against China.

A company that is relevant en

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Author: Jose Antonio Lanz

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