Why Nvidia is on a bull run on Wall Street despite slump in computer sales

Nvidia, which is on a bull run in the US stock markets, recently became the first chipmaker to hit a $1 trillion valuation on Wall Street. This is despite its core gaming chip business slowing down due to a broader slump in computer sales. So what is behind Nvidia’s rise?

Having started off in 1993 as a graphics card maker for gamers, Nvidia has transformed into a chip powerhouse, with solutions for big tech companies and startups to power their artificial intelligence workloads.

For the uninitiated, Nvidia makes graphics processing units (GPUs). Though similar to central processing units (CPUs) found in almost all kinds of machines – from smartphones to computers, televisions,