The cult of Nvidia is getting really weird

Getty Images; Jenny Chang-Rodriguez/BI

I probably do not have to tell you that Nvidia has really blown up over the past few years. The tech company is at the forefront of the AI revolution thanks to its advanced chips. It's seemingly leaps and bounds ahead of would-be competitors. If a company wants to make progress on artificial intelligence — as most of the tech sector now does — all roads run through Nvidia. This superdominant position helped the 31-year-old company book $30 billion in revenue in the second quarter of the year, up by 122% from a year ago and some $2 billion more than Wall Street analysts were expecting. Investors, in turn, have been eating Nvidia up. Despite some recent turmoil, shares of Nvidia are still up by more than 100% from this time in 2023 and by more than 2,000% over the past five years.