Admittedly, Nvidia faces near-term headwinds as economies have reopened and consumer behavior has rapidly changed again. Indeed, Nvidia's difficult-to-replicate products have allowed the company to increase earnings per share at a compounded annual rate of 32.3% in the last 10 years. Nvidia capitalized on the shift in consumer behavior, selling its GPUs at premium prices, and generating a gross profit margin of over 62% for three consecutive years. Of course, sales boomed after the pandemic's onset as people invested in home offices and gamed more often, and digitally native companies needed more server capacity. Robust customer demand has propelled Nvidia's revenue from $4.1 billion in 2014 to $26.9 billion in its most recently completed year. These highly desired computer chips power many of today's gaming devices, servers, and cockpit displays in cars. Nvidia has arguably proven its innovative capabilities by repeatedly improving its graphic processing units (GPUs). That means more than developing just one excellent product or service. Parkev Tatevosian:A proven ability to innovate is one of the factors I rank highly when considering investing in a technology company. Nvidia has proven its ability to innovate In addition to AMD, its competitors include Intel, Qualcomm and AI-accelerator companies such as Graphcore.Image source: Getty Images. More recently, it has moved into the mobile computing market, where it produces Tegra mobile processors for smartphones and tablets as well as vehicle navigation and entertainment systems. They are deployed in supercomputing sites around the world. In addition to GPU manufacturing, Nvidia provides an API called CUDA that allows the creation of massively parallel programs which utilize GPUs. Its professional line of GPUs are used in workstations for applications in such fields as architecture, engineering and construction, media and entertainment, automotive, scientific research, and manufacturing design. Nvidia is a global leader in artificial intelligence hardware and software.

It is a software and fabless company which designs graphics processing units, application programming interface for data science and high-performance computing as well as system on a chip units for the mobile computing and automotive market. NVIDIA Corporation is an American multinational technology company incorporated in Delaware and based in Santa Clara, California.

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