Sam Yeh/AFP/Getty Images
- Nvidia's chips primed the company to leverage the latest artificial-intelligence boom.
- But the GPU-maker is targeting other areas where AI could apply.
- Nvidia has invested in dozens of startups in 2023, including a company focused on pharmaceuticals.
The California chip maker Nvidia is the latest tech company to so far have a blockbuster year as it surpassed expectations and flexed a market cap of more than $2 trillion by the end of February.
That makes Nvidia one of the three largest companies by market cap, behind Microsoft and Apple.
The company's recent boom can be explained by a fairly simple formula.