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Nvidia's (NASDAQ: NVDA) R&D Expenditure Record a 73% Jump in Just 5 Years

April 16, 2024 (Investorideas.com Newswire) According to Stocklytics.com, Nvidia propelled its research and development (R&D) expenditure to an impressive 73% in 5 years. The chipmaker spent $8.68 billion on research and development (R&D), showcasing a substantial surge from the $2.38 billion allocated in 2019.

Stocklytics Financial analyst Edith Reads commented on the data:

"The trajectory of Nvidia's R&D investment illuminates a strategic maneuver aimed at fortifying its position at the forefront of technological advancement."

Under the astute leadership of CEO Jensen Huang, Nvidia has transcended its gaming origins to emerge as a pivotal player in artificial intelligence (AI). Over the past decade, Huang's visionary guidance has propelled Nvidia beyond traditional gaming applications into AI, where its data centre products play a pivotal role in facilitating generative AI capabilities.

The full story and statistics can be found here: Nvidia's R&D Expenditure Record a 73% Jump in Just 5 Years

About NVIDIA
Since its founding in 1993, NVIDIA (NASDAQ: NVDA) has been a pioneer in accelerated computing. The company's invention of the GPU in 1999 sparked the growth of the PC gaming market, redefined computer graphics, ignited the era of modern AI and is fueling industrial digitalization across markets. NVIDIA is now a full-stack computing infrastructure company with data-center-scale offerings that are reshaping industry. More information at https://nvidianews.nvidia.com/.

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