Core Insights - The article highlights Nvidia's significant financial success and strategic investments in AI startups, indicating its dominant position in the AI revolution. Nvidia's operating profit surged by 65% year-over-year to $36 billion, while net profit also increased by 65% to $31.9 billion, marking a nearly 19-fold increase since the launch of ChatGPT 3.5 in November 2022 [6][8]. Investment Overview - Nvidia has made 251 investments in 244 startups since 2022, with 84 investments in 74 startups from January to November 2023 alone, surpassing the total of 76 investments made in 2024 [8][12]. - The majority of these investments focus on AI-related fields, particularly software applications, computational power, and energy, with 39 AI application companies receiving funding [12][14]. - The total funding for model-related companies reached over $28.6 billion, with a significant portion coming from a single round of financing by Musk's xAI [14][16]. Investment Signals - Nvidia's investments signal a narrowing focus on model-layer companies, indicating a trend towards consolidation in the AI model sector [20][23]. - The company is addressing energy supply issues by investing in nine energy or resource management startups, including those focused on nuclear fusion and renewable energy-driven data centers [24][27]. - A significant portion of Nvidia's investments (34 out of 39 AI software applications) targets enterprise clients, reflecting a strategic shift towards more stable and predictable revenue sources [29][32]. Financial Strategy - Nvidia's frequent investments are driven by its substantial cash reserves, which reached $60.6 billion, allowing for aggressive stock buybacks and dividends [37][40]. - The company aims to diversify its revenue sources, as 50% of its revenue currently comes from three clients, reducing reliance on a few major customers [40][42]. - Nvidia is also focused on exploring new business opportunities, as data center revenue accounted for 89% of total revenue, while autonomous driving revenue remains minimal [42].