Companies tend to graft their culture from the founders establishing it with early employees and outgrowth from there, it does say something. Now the market mo

Companies tend to graft their culture from the founders establishing it with early employees and outgrowth from there, it does say something. Now the market moving to mobile ARM chipsets definitely damaged Intel, though Intel had years to come up with a viable alternative and ways to re-capitalize its fab infrastructure etc. They let their own moat run dry. Theories abound as to why, and since I'm not CEO nor do I have access to Intels internal records, I can only speculate, however from available information I've been able to read, it seems that they became more risk adverse as time has gone on, due in part, because there is immense pressure for any new thing to quickly produce margins similar to that of their main CPU business. Which of course, is a conundrum, as barring any major breakthrough that puts them well and above any alternative, these sorts of things to diversify into strong businesses often take alot of time. Compare that to Nvidia: the market dynamics is what is allowing them to capitalize on 2 booms that ultimately leveraged GPUs for compute over traditional processors, but the foundation for all this was laid in ~2007 (CUDA first came out then) and Nvidia had to both improve CUDA over time and invested in research around parallelized computing. If were not for their long horizon investment in this, they would not have been primed to take advantage of both crypto and AI. I'd argue that gaming while lucrative no doubt, is comparatively modest to what they are raking in over crypto and AI, all the while still investing in CPU / GPU integrated chipsets[0] and CPUs tailored to massive data center requirements around AI specifically[1], all of which they wouldn't be able to really take advantage of it not for their long term investment in things like CUDA and parallelized computing. I suspect quite strongly that without the founder at the helm, there would have been little internal cover to continue investing in these things at the rate Nvidia was prior to the boom times. [0]: https://www.reuters.com/technology/nvidia-make-arm-based-pc-chips-major-new-challenge-intel-2023-10-23/ https://www.reuters.com/technology/nvidia-make-arm-based-pc-... [1]: https://www.nvidia.com/en-us/data-center/grace-cpu/ https://www.nvidia.com/en-us/data-center/grace-cpu/