From developing gaming chips to becoming one of the world's leading AI chip companies, it's safe to say that Nvidia (NVDA) is officially one of the tech giants. In 2023, the company will earn nearly $27 billion in revenue, and its market value will far exceed his $1 trillion.
Let's take a closer look at what's causing Nvidia's boom. Beyond the tickerdive into the company's biggest moments.
1993
Nvidia was founded on April 5, 1993 by Jensen Huang, Chris Malachowski, and Curtis Priem with a vision to bring 3D graphics to the gaming industry.
1997
Nvidia launched its first hit product, NV3. Then, in the first four months of its release, he sold an astonishing 1 million units.
1999
On January 22, 1999, Nvidia went public in an IPO at $12 per share.
the year of 2000
Microsoft (MSFT) selected Nvidia to develop the graphics hardware for its first Xbox console.
Year 2005
Microsoft's rival Sony has chosen Nvidia's hardware to power its PlayStation 3.
2010
Nvidia has become a graphics chip supplier to carmaker Audi.
2015
The company launched its Nvidia Drive chip to power driver assistance systems.
2016
Nvidia began its journey into AI with the launch of the DGX-1 server for artificial intelligence applications.
2018
The company debuted NVIDIA RTX, the first GPU capable of real-time ray tracing.
That same year, Google (GOOG, GOOGL) announced that it was using Nvidia's Tesla (TSLA) P4 graphics cards for its Google Cloud Platform.
2022
Nvidia debuted its H100 graphics chip for AI. This is still one of the world's most powerful chips for artificial intelligence apps.
2023
In May 2023, Nvidia surpassed the $1 trillion market cap, joining the ranks of giants like Apple (AAPL) and Microsoft.
The company's stock price has been hitting new highs over the past month and is currently trading at over $700 per share.
From a company of three engineers working on graphics cards to thousands of employees developing chips that will power the AI supercomputers of the future, Nvidia remains at the top of the technology industry. .
From tech giants to retail giants, Beyond the ticker is a history series that takes a deep dive into some of Wall Street's most notable companies and how they transformed into the financial icons they are today.
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Editor's note: This video was produced by. Zach Falls.
