NVIDIA Corporation (NASDAQ:NVDA) is one of the Best Big Company Stocks to Buy Right Now.
On May 29, CNBC reported that, over the past 3 months, the company committed a minimum of $6.5 billion towards companies that develop photonics technology
NVIDIA Corporation (NASDAQ:NVDA) is focused on accelerating investments that can help solve one of the critical bottlenecks to the AI rollout. Photonics, i.e., using light to transfer the data, happens to be an emerging technology. It is believed to be a more efficient alternative to the present practice of transmitting data with the help of electricity.
Using electricity tends to consume more energy. CNBC reported that this is seen as a blocker to the AI deployment. Since the start of March, the AI giant has announced $2 billion of investments towards Lumentum, Coherent, and Marvell.