NVIDIA told a story about "AI being a brand new industry," and Wall Street believed it.

Source: Wind Major tech companies are investing in artificial intelligence at an astonishing speed, with most of the funds flowing to chip manufacturers. Both NVIDIA and Wall Street believe that the current AI industry is a brand-new sector, with NVIDIA being the biggest beneficiary. This Wednesday, NVIDIA announced quarterly sales of $22.1 billion and forecasted a further increase to $24 billion this quarter, more than triple the same period last year, surpassing Wall Street's optimistic expectations. NVIDIA's co-founder and CEO, Jensen Huang, stated on Wednesday, "Last year, we saw the emergence of artificial intelligence as a truly new application space, a new way of computing. A new industry is forming, which is driving our growth." After a year of capital chasing, some chip executives and analysts believe that the prosperity of artificial intelligence is becoming increasingly sustainable. While AI is a hot topic in Silicon Valley and a top priority for major tech companies, it has not yet penetrated the corporate world and daily life, providing more opportunities for companies that can leverage AI. Intel CEO Pat Gelsinger stated at a company event on Wednesday, "This is changing everything in the computing field." In recent months, tech companies have been investing heavily in artificial intelligence. Meta CEO Mark Zuckerberg announced in January plans to purchase billions of dollars worth of AI chips from NVIDIA this year. Google recently launched a new, more powerful Gemini AI system.