By Daniel Howley
Publication Date: 2026-03-11 19:23:00
Nvidia (NVDA) is winning the global AI explosion. The company’s chips are the most wanted in the world, with hyperscalers ranging from Amazon (AMZN) and Google (GOOG, GOOGL) to Meta (META) and Microsoft (MSFT) spending billions to pack them into their data centers.
That’s been a boon for Nvidia’s bottom line. Its full-year revenue has jumped from $26.9 billion in 2022 to $215.9 billion in 2025 and is expected to top $358.7 billion in 2026. That has also given the company’s stock price a major boost.
Since OpenAI’s (OPAI.PVT) ChatGPT debuted in November 2022, Nvidia stock has skyrocketed nearly 990%. And though the exuberance has slowed over the past year, shares still rose 46% over the past 12 months.
But Nvidia isn’t the only company driving the AI build-out. While it develops the chips that are at the center of the AI world, Nvidia doesn’t actually put them into data centers. Sure, you’ve likely seen Nvidia’s sleek black-and-gold servers at its events, but those are reference designs, not the actual servers that go into data centers.
Nvidia’s partners, including the likes of Dell (DELL), Hewlett Packard Enterprise (HPE), and Foxconn, actually build the massive arrays of computers that power AI models and services.
“What over the years Nvidia has brought to the table has been the GPUs, obviously, then moving into [data processing units] and [network interface cards] … all the drivers, [software development kits], some of the toolkit that…
