Can anything keep Jensen Huang’s semiconductor company down? The price of Nvidia stock plunged last year after the Santa Clara, Calif., company recorded declining revenue for its signature graphics chip business. In hindsight, it was a momentary lapse of reason. Early sales for Nvidia’s new RTX line of graphics cards have proved so strong that the product family is outpacing its predecessor—a chip that helped Nvidia nearly double the money it makes in gaming. Meanwhile the company’s investment in artificial intelligence continues apace as it shifts away from selling processors to cloud providers and toward large enterprises. Nvidia’s most intriguing play? Automotive. The company is helping automakers add self-driving features to their vehicles—a small business today, but the sky’s the limit.
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|Industry||Semiconductors and Semiconductor Equipment|
|HQ Location||Santa Clara, Calif.|
|Revenues ($M) (Past 12 Months)||$10,185|
|Profits ($M) (Past 12 Months)||$2,743|
|Market Value as of Oct. 9, 2019 ($M)||$110,052|