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NVIDIA is a veritable Goliath among the highly competitive realms of Silicon Valley's technological mainstays.
Its market capitalisation is now so vast that it is larger than Meta (Facebook), Tesla, Netflix, AMD, Intel, and IBM combined.
That is a remarkable feat when considering that NVIDIA's bread and butter core business activity for many years was not software, it was hardware, and hardware in almost every other area of the computer technology business is almost obsolete as we live in a world of hosting and cloud-based internet services.
NVIDIA's high-quality graphics cards have for many years been the staple ingredient within machines built for specialist purposes such as gaming or professional digital currency mining. However times change and NVIDIA has angled itself firmly toward being the hardware manufacturer to handle AI, boosting its value tremendously.
Today, NVIDIA has a market cap of over $2.5 trillion, which is incredible considering that at the beginning of 2020, Nvidia was valued at just $145 billion. This is a clear point of interest for traders and investors.
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This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
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