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Nvidia’s Evolution and Financial Performance
Nvidia (NASDAQ: NVDA), originally a gaming company founded in 1993, has transitioned to become a leader in artificial intelligence (AI) and cryptocurrency technology. The company reported revenue of $46.7 billion for the second quarter of its 2026 fiscal year, with 88% ($41.1 billion) stemming from data center revenue linked to corporate AI spending, while gaming revenue constituted only $4.3 billion.
The company has experienced over 50% year-over-year revenue growth for nine consecutive quarters, demonstrating its significant pivot from a gaming focus to becoming a critical player in AI development, particularly highlighted by its involvement with models like ChatGPT.
In its cryptocurrency ventures, Nvidia’s GPUs were initially popular for mining Bitcoin, though they now account for a minor portion of its business due to the rise of more efficient Application-Specific Integrated Circuit (ASIC) miners.
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