For over three decades, the people most excited about Nvidia’s chips have been gamers. They used its graphics cards to render games in super-high definition. But over the last 15 years Nvidia has slowly established itself as the go-to provider of chips and software to the booming artificial intelligence space. Now it is investors that are paying attention—Nvidia’s market cap has almost tripled this year, briefly soaring above $1trn in late May.
On this week’s podcast, hosts Alice Fulwood, Tom Lee-Devlin and Mike Bird explore the astonishing rise of Nvidia. The Economist’s Guy Scriven explains how the AI boom made the Californian chip maker into a $1trn company. Stacy Rasgon, an analyst at Bernstein Research, charts the company’s “30-year journey to overnight success” and Pierre Ferragu from New Street Research tells them that Google and Amazon have their sights on the chip market.
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