NVIDIA Corporation (NVDA): Is This Stock the Biggest AI Story Right Now? - Yahoo Finance
China's growing patents in AI pose a potential threat to the US, as the country plans to develop 50 new national and industrial standards for AI by 2026. China has filed six times more AI patents than the US, with Chinese companies like ByteDance, Alibaba, and Microsoft leading in patent applications. In contrast, the US has seen a surge in venture capital funding for AI, reaching $55. 6 billion in the second quarter of 2024.
NVIDIA Corporation (NASDAQ: NVDA) is a leading AI company, pioneering AI software and hardware products. The company recently logged $22. 6 billion in data center revenue, driven by strong demand for its NVIDIA Hopper GPU. Despite its strong position, NVIDIA needs to focus on growth in enterprise to maintain its dominance.
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