Nvidia Surges in 2016 Using Graphics Chips to Challenge Intel
In the third quarter, demand for chips used in data centers and cars helped fuel a 54 percent surge in sales at Nvidia, and profit doubled to a record.
December 21, 2016
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By Bloomberg
(Bloomberg) — When Paulina Sliwinska, a fund manager at Edinburgh-based Baillie Gifford & Co., made the trip to Silicon Valley looking for the next big thing in technology, she found it — not in a hot startup run by a 23-year-old whiz kid just out of Stanford, but in a 23-year-old semiconductor maker that’s had the same chief executive officer since its founding.
Jen-Hsun Huang, CEO of graphics-chip maker Nvidia Corp., has won over Sliwinska and many other investors this year with claims that his products, once confined to the niche of computer-gaming machines, are breaking out to become key components of nascent technologies from voice recognition to self-driving cars.