Nvidia

This File is still being researched. Sections will be added and revised as the investigation develops.

The short version of the question: how does a company that sold graphics cards to gamers end up as the substrate of an entire computing era?

Working hypothesis

The platform was the long game all along. Hardware was the wedge; the developer ecosystem was the moat.

Open threads

• The role of CUDA as switching cost versus genuine technical advantage.
• Whether the current demand is a level shift or a cycle.
• How durable the margin structure is once competition arrives at scale.

Notes and sources are being assembled.