In 1999, Nvidia (NASDAQ: NVDA) revolutionized computer graphics with the invention of the graphics processing unit (GPU), a chip capable of rendering ultra-realistic visual effects. Nvidia GPUs have since become the gold standard in gaming and professional design. The company holds more than 95% market share in workstation graphics processors.

In 2006, Nvidia moved beyond graphics when it introduced CUDA, a programming model that turned its GPUs into general purpose processors fit to accelerate data center applications like artificial intelligence (AI). Nvidia GPUs are now the gold standard in data center accelerators, and the company holds an 80% to 95% market share in AI chips, according to analysts.

Not surprisingly, given its dominance in graphics and AI processors, Nvidia is frequently described as a chipmaker. But that definition is somewhat misleading, because it fails to capture the scope and direction of the business. Nvidia currently derives about 15% of total revenue from adjacent multi-hundred-billion markets.

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Source Fool.com