[moyta]

Nvidia has taken over a newer segment, cars, and they have a stronghold in the HPC market due to the sheer number of academic compute clusters that have based their setups on Nvidia hardware.

Intel has forced Nvidia out of the mobile and lowend/midrange desktop space, eliminating what used to be their bread and butter, so this pivot by Nvidia to markets where they either control the whole stack with their custom ARM cores, or where Intel can't lock them out by getting rid of PCIE lanes like on laptops/desktops (AMD would get subbed in cause PCIE lanes are all that matter) has definitely put them in a stronger position, justifying that valuation.