NVIDIA Corporation (NVDA) perpetual market

NVIDIA is the world's leading designer of graphics processing units and the central beneficiary of the artificial intelligence boom. Founded in 1993 by Jensen Huang and others, it first made its name in gaming graphics cards, then recognized that its parallel-processing chips were ideally suited to the heavy computation behind AI and machine learning. Its data-center GPUs became the essential hardware for training and running large AI models, giving NVIDIA a commanding share of that market and driving explosive growth in revenue and valuation that briefly made it the most valuable company in the world. Just as important is its CUDA software platform, which locked developers into its ecosystem and created a durable competitive moat. NVIDIA also supplies chips for gaming, professional visualization and automotive, but its fortunes now hinge on AI demand, making it the single most closely watched stock in the technology sector and a bellwether for the entire AI trade.