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Nvidia overtakes Apple as the second most valuable company.
(www.cnbc.com)
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this post was submitted on 05 Jun 2024
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They were doing that for years before it became popular. The same tech for video graphics just so happened to be useful for AI and big data, and they doubled down on supporting enterprise and research efforts in that when it was a tiny field before their competitors did, and continued to specialize as it grew.
Supporting niche uses of your product can sometimes pay off if that niche hits the lottery.
Hardware made for heavy computing being good at stuff like this isn’t all that schokking though. The biggest gamble is if new technology will take off at all. Nvidia, just like google has the capital to diversify, bet on all the horses at once to drop the losers later.