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Gerek Jordan Industry Analysis Final Draft
Gerek Jordan Industry Analysis Final Draft
Gerek Jordan
CST 300 Major Proseminar
May 12th, 2024
A Look into the Tech Industry, NVIDIA, Software Development, and Data
As the landscape of tech companies continues to evolve in 2024, there are many exciting
opportunities for software developers and data scientists. Among some of these noteworthy
companies are Open AI, NVIDIA, Meta, Apple, Netflix, Google, and Amazon. These modern S-
tier companies are on the forefront of innovation and influence in the tech industry. Several
prominent companies, including the FANG group (Meta, formerly known as Facebook, Apple,
Netflix, and Google), rose to prominence during the peak Web 2.0 era. The FANG companies
have been well established for decades now. On the other hand, companies like NVIDIA and
OpenAI are propelling us into the next generation of technology and computing. OpenAI, a fresh
intelligence, presents a compelling arena that pushes the boundaries of machine learning and
natural language processing. NVIDIA, though certainly not a new company, has gained
relevance in recent years and has refreshed its vitality as a big new player in the tech scene. With
its prowess in graphics processing units (GPUs), it holds a key position in fields ranging from
gaming to scientific computing, offering a fertile ground for engineers and scientists alike to
explore the frontiers of parallel computing, AI, and cryptocurrency. New or old, these are all
reputable companies that provide software development and data science careers for engineers
and scientists that work to push us into the next technological phase change. These companies
have a competitive hiring process for job seeking software developers and data scientists.
Aspiring candidates should be prepared for the rigorous hiring processes characteristic of these
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top-level companies, where talent is vetted to ensure the best and brightest make it in. To hone in
on a particular case study, I’m going to focus on a company that’s on the rise due to recent
NVIDIA is primarily known for its graphics processing units (GPUs). NVIDIA's main
headquarters are in Santa Clara, California. However, they also have branch offices in other
global locations including Asia, Europe, and other parts of North America. NVIDIA employs
around 26,000 employees worldwide and is currently seeing an average growth of 12.99%
(Mortensen, 2024). NVIDIA provides a range of products and services including GPUs for
gaming, professional visualization, data centers, and automotive markets. As of the 2020s,
NVIDIA has benefited from both the Cryptocurrency and AI booms. Both the Crypto and AI
industries seek out NVIDIA’s GPUs to leverage their technology. NVIDIAs GPUs fuel the AI
revolution. They are used by the GPTs (Generative Pre-Trained Transformers) used by AI. This
has led to NVIDIA’s stock price to rise by 500 percent since early 2023 (Fox, 2024). In addition
to AI, cryptocurrency mining, especially for currencies like Bitcoin and Ethereum, requires
significant computational power that is needed from GPUs. High-end GPU models are well-
suited for mining tasks due to their parallel processing capabilities. Parallel processing refers to
the simultaneous execution of multiple tasks or parts of a task, with the goal of increasing
computational speed and efficiency. In parallel processing systems, tasks are broken down into
smaller sub-tasks that can be executed concurrently by multiple processing units, rather than
being executed sequentially by a single processor. Because of the efficiency that GPUs provide,
there’s been surge in cryptocurrency mining has led to increased demand for NVIDIA's GPUs.
Bitcoin transactions are secured through the proof-of-work algorithm by verifying transfers on
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the blockchain. Bitcoin miners, using specialized computers called mining rigs use NVIDIA’s
GPUs to confirm transactions by solving mathematical problems to receive BTC rewards for
their efforts (Page, 2024). The chance of receiving rewards depends on being the first to solve
the mathematical problem and having a high hash rate, indicating the ability to solve problems
quickly. In simpler terms, the mining rig that processes the transaction first in the peer-to-peer
environment gets a partial reward for the transactions. Both crypto mining rigs and AI’s GPTs
require the use of GPUs. These two key industries have skyrocketed NVIDIA’s value in the tech
market, reassuring its position as one of the most prominent technology companies today.
NVIDIA was founded in 1993 by Jensen Huang, Chris Malachowsky, and Curtis Priem.
Jensen Huang is the co-founder and CEO of NVIDIA. He holds a bachelor's degree in electrical
engineering from Oregon State University and a master's degree in electrical engineering from
Stanford University. Huang has guided NVIDIA through its growth spurts and is highly regarded
for his leadership in advancing GPU technology. Under his leadership, NVIDIA has experienced
remarkable growth, expanding its reach into various sectors such as AI, data centers, and
numerous roles within the company, including as a senior vice president until his retirement in
2020. Malachowsky's legacy continues to shape NVIDIA's trajectory, reflecting his enduring
impact on the company's success. NVIDIA’s initial focus was the development of GPUs for
gaming and professional markets. They partnered with many companies including Sega
(Willings, 2023). It wasn’t until 1995 that they released their first product, the NV1 (Willings,
2023). In 1997 they released the RIVA 128, their first successful 3D accelerator. In 1999, they
introduced GeForce 256. After 2000, NVIDIA shifted from focusing primarily on GPUs for
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have expanded their product offerings to include solutions for AI, data centers, and autonomous
vehicles.
NVIDIA's top-selling products include their GeForce series GPUs for gaming, Quadro
GPUs for professional visualization, Tesla GPUs for data centers, and DRIVE platform for
autonomous vehicles. Throughout its lifetime, NVIDIA has demonstrated strong market
performance, with revenue growth driven by demand for their products across multiple
industries. The data, automation, and AI industries have perpetuated its relevance. It is often
recognized as a desirable employer, known for its innovative culture and opportunities for career
packages that often include stock options or shares. Many top-tier tech companies do this for
their employees as it provides employees with a sense of ownership and investment in the
company's success and has the potential to yield significant financial rewards. As NVIDIA
continues to thrive in the tech industry, so do their employees. Some sources show that
NVIDIA’s recent success has made millionaires of employees due to their shareholder packages
Trends
Even though there have been massive layoffs at many of the top tech companies in
2024(Mickle, 2024), NVIDIA seems to be holding its ground. In 2024, NVIDIA is going against
the layoff trend and continues to hire top talent across engineering, research, sales, and other
functions to support its growth and innovation initiatives (Torres, 2024). They particularly seek
individuals with expertise in AI, machine learning, and computer graphics. NVIDIA is actively
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accelerated computing for various applications. They are also investing in areas such as edge
computing and robotics. This trend of NVIDIA's resilience and continued growth as an employer
is likely to persist. NVIDIA's expertise and leadership in these areas position it as an attractive
destination for top talent seeking exciting opportunities for innovation and impact. NVIDIA
offers various opportunities for software engineers across different domains, including GPU
optimization, deep learning frameworks, autonomous vehicles, and game development tools.
There are many departments within NVIDIA where software engineers can contribute to cutting-
edge technologies. NVIDIA also offers diverse opportunities for data scientists. These include
deep learning research, computer vision, natural language processing, and autonomous systems.
As a third year CS student, I’m split between two career paths – software development
and data science. It's important to note that all the companies I've mentioned above are esteemed
tech companies known for their competitive environments. However, I figure that if I shoot for
the stars, perhaps I’ll land on the moon. It’s plausible that I may find myself in a technology-
focused role within a company, but I envision myself pursuing one of these two professions. As a
former IT Technician, I have gained insight into surface level technology. However, I've always
had a desire to delve deeper into the engineering and scientific aspects of the field. Software
development has always intrigued me as I see coding as a magical modern-day tool that can be
used in creative and innovative ways for personal, or business and enterprise-related purposes.
However, I also believe I have a knack for Data Science. I enjoy working with data sets to solve
problems and thinking about problems and potential solutions on a larger scale. I like the idea of
innovating new ways of solving problems and implementing ideas, but I also believe I work well
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with data as I have a statistical mind and like asking questions about potential data sets. My goal
strengthening my data science skills on the side. I will prioritize my core classes in software
understanding of software development methods and best practices. Although they are focused
on software engineering, the upper division curriculum comprises of a taste test of the whole
field of computer science. My elective courses will provide me with tracks that focus on database
management, networking, technical writing, and other computer science fundamentals. These
courses will help prepare me for roles that require a combination of software development and
data expertise and an overall understanding of the field of CS. Although database management is
mere fraction of the curriculum, I intend on going deeper on this subject on the side to strengthen
my skills for the job market by the time I graduate. There are many certifications that are
available in the data field. Some are the Data+ from CompTIA and the Google Data Analytics
Professional Certification. Obtaining some of these certifications will ensure that I’m able to
stand out as a data expert. Conversely, in the realm of software development, technical
interviewing skills seem to hold more significance over a certification. To stand out in
competitive job markets, I'm committed to leveraging resources like LeetCode, GitHub
repositories, software development interview preparation book, and personal projects. I also plan
on taking advantage of networking opportunities through engagement with peers, colleagues, and
online platforms such as LinkedIn and Indeed. This will help foster meaningful connections
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within the industry. Lastly, I would like to make good use of the resources and faculty at
California State University, Monterey Bay. I intend on leveraging my school and my community
to seek out jobs and internship opportunities. Above all, I’m committed to establishing,
References
Bindley, K. (2024, February 26) Booming stock and sky-high pay: Nvidia is Silicon Valley’s ...,
stock-and-sky-high-pay-nvidia-is-silicon-valleys-hot-employer-e4fb6c20 (Accessed: 05
May 2024).
Fox, M. (2024, March 15) The Nvidia-led AI boom will eventually spread to these 3 areas of the
boom-eventually-
222034591.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS
8&guce_referrer_sig=AQAAAHD9uOGEplL1VXcHimveeTqKzq7RJ1go3DrkdCl36O_
LuB045Fw0bYFev2bLKbmkftn4wLElEiuX_MyXDBsKpAjYRhNyaQBLDqIBI60EsyG
RqUzl2hsIY9ZQyKyvRKJ2YtdfuGAQcUTm53UeSo96VZVI_9NCSFhLvi-9OcsYtO16
Mickle, T. (2024, February 5) Why is big tech still cutting jobs?, The New York Times.
Mortensen, O. (2024, April 24) How many people work at Nvidia? statistics & facts (2024),
April 2024).
Page, J. (2024, February 26) Why are gpus used for mining?, Crypto Head. Available at:
Torres, T. (2024, March 6) No job cuts here: 3 companies that are still hiring amid the layoffs
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Willings, A. (2023, March 25). Nvidia gpus through the ages: The history of Nvidia’s graphics
cards.