From creating chips for gaming to changing into one of many world’s main AI chip firms, it is secure to say Nvidia (NVDA) is formally one of many tech giants. In 2023, the corporate generated almost $27 billion in income, and its market cap is at the moment hovering round $3 trillion.
Let’s take a better take a look at what led to Nvidia’s increase with Past the Ticker, the place we dive into the corporate’s greatest moments.
1993
Nvidia was based on April 5, 1993, by Jensen Huang, Chris Malachowsky, and Curtis Priem, with a imaginative and prescient to deliver 3D graphics to the gaming trade.
1997
Nvidia launched its first hit product, the NV3. It might later go on to promote a whopping 1 million models in its first 4 months of availability.
1999
On January 22, 1999, Nvidia went public through IPO at $12 per share.
2000
Microsoft (MSFT) selected Nvidia to develop the graphics {hardware} for the primary Xbox console.
2005
Microsoft rival Sony (SONY) selected Nvidia’s {hardware} to energy the PlayStation 3.
2010
Nvidia turned the graphics chip provider for automaker Audi.
2015
The corporate launched its Nvidia Drive chip for powering driver help programs.
2016
Nvidia kicked off its AI efforts with the launch of its DGX-1 server for synthetic intelligence functions.
2018
The corporate debuted the NVIDIA RTX, the primary GPU able to real-time ray tracing.
That very same yr, Google (GOOG, GOOGL) introduced it was utilizing Nvidia’s Tesla (TSLA) P4 graphics playing cards for its Google Cloud Platform.
2022
Nvidia debuted its H100 graphics chip for AI, which nonetheless stands as one of many world’s strongest chips for synthetic intelligence apps.
2024
On June 5, 2024, Nvidia eclipsed the $3 trillion market cap mark, becoming a member of the ranks of mega firms Apple (AAPL) and Microsoft.
The inventory continues to surpass its all-time highs over the previous month and is at the moment buying and selling at nicely over $1,000 per share.
From an organization of three engineers engaged on a graphics card, to hundreds of staff engaged on chips that may energy the AI supercomputers of the long run, Nvidia stays on the prime of the tech trade.
From tech giants to retail titans, Past the Ticker is a historic collection that takes a deep dive into a few of Wall Avenue’s trending firms and the way they remodeled into the monetary icons they’re right now.
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