Over the last decade, NVIDIA (NASDAQ: NVDA) hardware has become synonymous with cutting-edge graphics and high performance computing. Not surprisingly, shareholders have done quite well for themselves. The stock is up a whopping 1,300% in the last five years alone, crushing the performance of the broader market.
However, this chipmaker still has plenty of room to grow its business, especially in the data center space. Here's what investors should know.
In 1999, NVIDIA invented the graphics processing unit (GPU), a chip capable of parallelizing computing-intensive code. In other words, GPUs can handle lots of data very quickly. While these chips were originally created to render ultra-realistic video game graphics, they have since become an important part of data centers.
For further details see:
Why NVIDIA Will Dominate the Data Center by 2030