Nvidia (NASDAQ: NVDA) is one of the world's most innovative semiconductor companies. But beyond making those advanced computer chips, it's also expanding its footprint in the software space, thanks to its leadership position in artificial intelligence (AI) development.

Gaming, once the company's largest segment by revenue, softened dramatically this year as high inflation forced consumers to cut their spending on big-ticket items.

Thankfully for investors, Nvidia is no one-trick pony. It's experiencing growth in other areas, and building a substantial sales pipeline in its electric vehicle segment, in particular, which could be a big driver of revenue in the long term. With Nvidia stock down 64% from its all-time high, this might be an opportunity for investors to pounce.

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Source Fool.com