1 Artificial Intelligence (AI) Stock That Could Be Bigger Than Nvidia in 5 Years
Nvidia (NASDAQ: NVDA) crafted an incredible business model over the past two decades. In 2006, the company unveiled its CUDA developer platform, which included a programming interface, compiler, driver, runtime environment, and toolkit. Nvidia gave developers a customized ability to program its GPUs to accelerate applications, giving Nvidia's chips an advantage over the competition.By the late 2010s, as deep learning became more popular, CUDA already was the go-to standard for GPU acceleration. And since most deep-learning tools were specifically designed for CUDA, this made it hard for users to switch to other GPUs, effectively locking them into using Nvidia's products. It's this dynamic that has helped Nvidia become a $3 trillion business. But as we've seen in past cycles, competition for GPUs will slowly heat up. Over time, another company could end up even bigger than Nvidia.Continue reading
Nvidia (NASDAQ: NVDA) crafted an incredible business model over the past two decades. In 2006, the company unveiled its CUDA developer platform, which included a programming interface, compiler, driver, runtime environment, and toolkit. Nvidia gave developers a customized ability to program its GPUs to accelerate applications, giving Nvidia's chips an advantage over the competition.
By the late 2010s, as deep learning became more popular, CUDA already was the go-to standard for GPU acceleration. And since most deep-learning tools were specifically designed for CUDA, this made it hard for users to switch to other GPUs, effectively locking them into using Nvidia's products.
It's this dynamic that has helped Nvidia become a $3 trillion business. But as we've seen in past cycles, competition for GPUs will slowly heat up. Over time, another company could end up even bigger than Nvidia.
