Nvidia Is the World’s Most Valuable Bubb— Sorry, Company ⇥ cnbc.com

Kif Leswing, CNBC:

Nvidia, long known in the niche gaming community for its graphics chips, is now the most valuable public company in the world.

[…]

Nvidia shares are up more than 170% so far this year, and went a leg higher after the company reported first-quarter earnings in May. The stock has multiplied by more than ninefold since the end of 2022, a rise that’s coincided with the emergence of generative artificial intelligence.

I know computing is math — even drawing realistic pictures really fast — but it is so funny to me that Nvidia’s products have become so valuable for doing applied statistics instead of for actual graphics work.