Nvidia playing Apple’s game, just a lot faster, Barron’s says

Nvidia (NVDA) is the Apple (AAPL) of artificial intelligence. It means Nvidia, whose split-adjusted stock has multiplied nearly 18 times in five years, and whose data-center revenue is estimated to have tripled over the past year, might yet find ways to beat even euphoric expectations, Jack Hough writes in this week’s edition of Barron’s. The first key parallel with Apple is an end market that’s turning out to be bigger than previously expected. A second parallel is CUDA, a software layer that optimizes Nvidia’s chips and allows customers to build applications. Its model libraries and network of experts aren’t easily replicated. A third, related parallel is that Nvidia’s software allows it to bring in a rising stream of revenue from recurring services, much the way Apple cashes in on application sales and subscriptions, the author notes.