Nvidia had a huge 2016 with one of best performing stocks of the year. In the past 12 months, the graphics processing chipmaker’s stock value has boomed 230%. This is mostly due to its impressive growth in artificial intelligence applications using its graphics processors in data centers and cars. Meanwhile, Nvidia maintains a fast-growing business in its core gaming market.
Partially as a reflection of the growing importance of AI in the tech industry, Nvidia stole the opening Consumer Electronics Show keynote this year from Intel. At the Las Vegas keynote on Wednesday, Nvidia CEO and co-founder Jen-Hsun Huang (clad in his trademark black leather jacket) sought to maintain the company’s leadership in those three areas: AI, autonomous cars and video games.
“We estimate that there are a billion users with Macs or older PCs who would love to enjoy games but don’t have the capability,” said Huang. “We thought wouldn’t it be amazing to put something like Amazon Web Services does for businesses and do it for the consumers.”