NVIDIA has seen their valuation 5x over the last 5 years and is now worth more than $2 trillion. This week, we dive a few layers deep into the company. We start with the origin of the company and the launch of their first GPU in 1999 which unlocked several computing-heavy applications including gaming and video editing. We then talk about the NVIDIA of today that generates 78% of revenue from their AI-focused data center business (compared to 40% in 2021). Finally, we analyse what assumptions need to be true for the company's high valuation to hold up including long-term AI demand and competitive landscape.

Bonus - Viggy & James share their non-financial analyst takes on whether they'd buy the stock today. 

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Timestamps:

(00:00) Introduction

(01:28) Tee up - NVIDIA hype and steep stock growth

(03:18) Company origins, first GPU launch, why GPUs matter, what is CUDA architecture, and use cases like gaming unlocked by GPUs

(14:19) NVIDIA business units today, explosive growth in data center revenue driven by AI, valuation, revenue multiples compared to peers

(21:04) Is there steep AI demand long term, GPU need for model training & inference

(33:45) Competitors, cloud providers making chips, can NVIDIA hold market share long term

(44:25) Non-financial analyst takes - will Viggy and James buy the stock today?