By Troy Wolverton, Business Insider
May 10, 2018
Graphics chipmaker Nvidia pulled the curtain back on its bitcoin mining-related business for the first time on Thursday. But the real game-changing opportunity for Nvidia is not inside the crowded cryptocurrency mines — it’s in the wide open field of artificial intelligence.
So says Benjamin Lau, the chief investment officer of Apriem Advisors, a firm with $650 million under management that’s betting big on Nvidia.
Nvidia’s business designing chips for AI uses, which could upend industries from healthcare to transportation, and chips for computer data centers are the future, said Lau.