Why is everyone so excited about Nvidia?

A Silicon Valley company that for years was a household name only for video gamers now finds itself playing a starring role across the tech industry.

Nvidia (NVDA) provides critical technology for some of the hottest sectors out there, including self-driving cars and bitcoin mining.

During a nearly two-hour event at CES in Las Vegas on Sunday night, Nvidia announced a laundry list of new big-name partners, ranging from Volkswagen (VLKAF) to Uber and Chinese tech giant Baidu (BIDU).

Nvidia is blossoming — and shows no signs of slowing down. There are 320 companies using its products for self-driving vehicle technology. Wall Street has noticed: Nvidia’s share price has doubled in the past eight months.

“It’s amazing how they started with such humble beginnings,” Amitabh Varshney, a University of Maryland computer science professor, told CNN Tech. “At first, they were targeting literally teenagers and gamers.”

[Read More]

Add a Comment

Your email address will not be published. Required fields are marked *