Two years ago, investors cared about one thing: who had the best chips. That fueled Nvidia‘s (NVDA) rise into a nearly $4 trillion company. But the next phase of AI is less about hardware, and more about who controls the ecosystem businesses actually use every day. That’s where things get interesting.
Amazon (AMZN) didn’t dominate cloud computing because it sold servers. Microsoft (MSFT) didn’t become indispensable because of Windows alone. They won because businesses built entire operations on top of their platforms.
Now Nvidia is pulling the same trick. Its new Nemotron 3 Nano Omni launch may have flown under Wall Street’s radar. It shouldn’t have.
This post originally appeared at Money Morning.