Why is everyone so excited about Nvidia?
A Silicon Valley company that for years was a household name only for video gamers now finds itself playing a starring role across the tech industry.
Nvidia (NVDA) provides critical technology for some of the hottest sectors out there, including self-driving cars and bitcoin mining.
During a nearly two-hour event at CES in Las Vegas on Sunday night, Nvidia announced a laundry list of new big-name partners, ranging from Volkswagen (VLKAF) to Uber and Chinese tech giant Baidu (BIDU).
Nvidia is blossoming — and shows no signs of slowing down. There are 320 companies using its products for self-driving vehicle technology. Wall Street has noticed: Nvidia’s share price has doubled in the past eight months.