Nvidia (NASDAQ: NVDA) shares have been battered over the last 12 months, with the stock plunging 50% year to date. The company has suffered from steep declines in the graphics card (GPU) market this year, which saw worldwide shipments decrease by 25.1% in the third quarter of 2022, according to Jon Peddie Research. Reduced consumer demand affected the entire PC market, fueled primarily by rises in inflation. 

Considering Nvidia's 72% market share in the discrete GPU market, investors have justifiably grown concerned for the tech giant. However, not all hope is lost for the company. Here are three things smart investors know about Nvidia. 

Nvidia's rise in the tech world is primarily owed to its dominance in the consumer GPU market, which grants it real power in the industry to take on the rising competition. 

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Source Fool.com