In the past two years, NVIDIA’s stock growth had been stellar, gaining 121.91% and 129.29% in 20, respectively. Three years later, the number of graphic chips companies soared to 70. When NVIDIA’s founders – Jensen Huang, Chris Malachowsky and Curtis Priem – started the company in 1993, there were more than two dozen graphics chips companies. Its products are used in a wide variety of application markets, such as gaming, automotive infotainment systems and cryptocurrency mining. NVIDIA ( NVDA) is a leading designer of graphics processing units that improve the computing experience. But what does the recent fall to a new low mean for the NVIDIA stock predictions? NVIDIA stock analysis: Technical view

NVDA stock price has been in the dumps in 2022, falling 53.26% year-to-date, as of 2 September, dragging down its market to $347.31bn, according to Companiesmarketcap. In addition to AMD, its competitors include Intel, Qualcomm and AI-accelerator companies such as Graphcore.US30 US Wall Street 30 (USA 30, Dow Jones) More recently, it has moved into the mobile computing market, where it produces Tegra mobile processors for smartphones and tablets as well as vehicle navigation and entertainment systems. They are deployed in supercomputing sites around the world.

In addition to GPU manufacturing, Nvidia provides an API called CUDA that allows the creation of massively parallel programs which utilize GPUs. Its professional line of GPUs are used in workstations for applications in such fields as architecture, engineering and construction, media and entertainment, automotive, scientific research, and manufacturing design.

Nvidia is a global leader in artificial intelligence hardware and software. It is a software and fabless company which designs graphics processing units, application programming interface for data science and high-performance computing as well as system on a chip units for the mobile computing and automotive market. NVIDIA Corporation is an American multinational technology company incorporated in Delaware and based in Santa Clara, California.

Nvda stock a buy