Firmus Brings AI Investing to ASX as Nvidia Soars to $US700 Billion

Firmus has announced that it will be listing on the Australian Securities Exchange (ASX), marking its entry into the country's stock market. The firm's listing is set to bring a new type of investment opportunity to investors, one that focuses on artificial intelligence (AI) and machine learning. This move follows the success of Nvidia, which has seen its quarterly revenue double year-on-year and annual revenue reach an estimated $US400 billion this year.

Nvidia's performance has been impressive, with management expecting a 70 per cent increase in revenue next year. If achieved, this would bring Nvidia's revenue to $US700 billion, representing a staggering 25-times increase in just five years.

The growth of Nvidia is attributed to its dominance in the AI and machine learning space. The company has seen significant demand for its products and services, driving up revenue.