NVIDIA used to just make chips for gaming systems, but now it also makes hardware for artificial intelligence, self-driving cars, smart cities, and “edge computing.”
The graphics processing units that NVIDIA makes are some of the best on the market. Its GPUs are already being used to speed up computing in data centers.
The company wants to use its technology in more places where edge computing will have a direct effect. And the Nvidia EGX platform is the one doing this job by giving users a place to run AI on the Edge.
Nvidia also has products like the Nvidia LaunchPad that make it easier for businesses to use computers to analyse data from sensors in real time.
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If you want to get into edge computing through the hardware that powers this market, NVDA may be the stock to buy.
As of February, the stock was worth about $560 billion and was trading for about $229.