3 Ways AI Can Boost NVIDIA -- The Motley Fool

Artificial intelligence (AI) technology is going to be big in the long run. It will play a critical role in powering a variety of applications that will help corporations and governments execute tasks efficiently. Not surprisingly, a number of tech giants are betting big on AI, since there's an opportunity to mint billions in this space, and NVIDIA (NASDAQ:NVDA) is no exception. The graphics specialist has been applying its graphics processing units (GPUs) to train AI models, setting itself up to tap an AI chip market that could be worth $16 billion in 2022, according to Markets and Markets. But NVIDIA doesn't want to be just an AI chip vendor, so it's focused on creating supercomputing platforms that customers can hire for use across several applications.