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How the AI boom catapulted Nvidia into tech’s big league

The chip designer’s bumper earnings have made it one of the world’s most valuable companies. How long can it last?

Two years ago, Nvidia made most of its money selling graphics cards. It was a household name only to the most dedicated PC gamers.

Today, the chip designer is one of the world’s most valuable companies, the chief beneficiary of an artificial intelligence boom that has transfixed Silicon Valley and Wall Street, and an avatar of the new tech economy that is expected to dominate the next decade.

This week, it turned in the fourth quarter in a row of blowout earnings that have made it the unchallenged leader in the infrastructure on which the coming era of AI is being built.

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