But one major revenue opportunity has eluded Nvidia in recent times, and that's the Chinese market. U.S. export controls have blocked Nvidia's high-powered chips from that market, and China itself has added to the challenge -- China has banned foreign-made chips, according to several press reports.

Arm Holdings Plc plans to start incorporating Nvidia Corp.’s NVLink technology into chip designs for AI data centers, tightening the relationship between two influential semiconductor companies.

I share some top AI infrastructure investment opportunities beyond Nvidia. Read which stocks in networking, power, and utilities are poised for growth here.

Over the last 12 months, Nvidia generated $72 billion in free cash flow. As the trends below illustrate, Nvidia's cash flow his been accelerating at an impressive rate throughout the AI revolution. The main catalyst behind this is the immense pricing power Nvidia is able to command for its GPUs.

Skeptics have questioned whether tech companies are expensing the cost of their GPUs over too long a period. That would tend to boost earnings.

By Wen-Yee Lee TAIPEI (Reuters) -U.S.-based cloud services provider GMI Cloud said on Monday it will build a $500 million artificial intelligence data centre in Taiwan with the support of U.S. chipmaker Nvidia.

Advanced Micro Devices (NASDAQ:AMD) has rapidly caught up in the artificial intelligence space after lagging behind for years. Once focused mainly on CPUs and consumer GPUs, the company shifted gears to challenge Nvidia (NASDAQ:NVDA) in data center AI chips.