Leading in artificial intelligence and robotics, Nvidia Corporation (NVDA, Financials) has been recognized by Hargreaves Lansdown, AJ Bell, and Interactive Investor as the top stock of 2024.
With its Jetson Thor platform set for mid-2025, the business is headed toward robotics. Using high-performance technology and Nvidia’s AI training tools, this small computer system enables humanoid robots. This indicates, according to analysts, Nvidia’s ambition to lead in newly developed AI-driven technologies and widen its portfolio.
Boston Dynamics, Amazon (AMZN, Financials), and Toyota (TM, Financials) all employ Nvidia’s technologies, hence underscoring its influence on robotics. With the release of the Nvidia App, a simplified tool combining GeForce Experience with the Nvidia Control Panel with AI-based capability like ShadowPlay at 120 fps, Nvidia also changed its software offerings.
The firm is growing internationally and hiring more Chinese researchers to support autonomous driving technology. Nvidia hired 1,000 Chinese employees this year.
Although Broadcom (AVGO, Financials) and Marvell Technology (MRVL, Financials) are increasing competitiveness in the artificial intelligence chip market, Nvidia’s whole software ecosystem and new hardware still have great value. Its AI leadership is confirmed by the growth in shares of 189.6% year-to- date.
This article first appeared on GuruFocus.