In July 2016, a mere four years ago, Nvidia (NASDAQ:NVDA) was a $26-billion company focused on GPU chips and graphic card production. In comparison, the long-standing sector leader was Intel Corp (NASDAQ:INTC), with a $166-billion market capitalization.
The nearly 40-year old chip manufacturer was a blue-chip Fortune 500 company and at the time, it was likely unfazed by such a small competitor.