How NVIDIA just defeated every other tech company

How NVIDIA Just Defeated Every Other Tech Company

On June 18, 2024, Nvidia became the most valuable company in the world at $ 3.34 trillion, overtaking tech giants like Microsoft, Apple, Samsung, and Alphabet. The scale of this achievement is extraordinary. To put it in perspective, Nvidia's worth could buy the highest-grossing media franchise, Pokémon, 36 times over.

Nvidia, which you might recognize for their graphics cards, was founded in 1993, making its rise even more remarkable. Jensen Huang, who is still the CEO, co-founded the company with two other individuals. The inception of Nvidia took place in a Denny's diner where these three innovators brainstormed their groundbreaking idea. They initially called their plan "Next Version," a lackluster name that eventually evolved into Nvidia, derived from the Latin word "Invidia", meaning envy, personified by an unpleasant goddess with green eyes. Hence, the company's name symbolizes a futuristic product everyone would envy.

In 1999, Nvidia released the GeForce 256, the first chip marketed as a Graphics Processing Unit (GPU). GPUs revolutionized PC and console gaming by using parallel processing, thereby improving graphics rendering and freeing up CPUs for other tasks. This innovation quickly made Nvidia a household name.

But Nvidia didn't stop at gaming. They took a giant leap in 2006 by introducing CUDA (Compute Unified Device Architecture), a software platform enabling developers to utilize Nvidia GPUs for various applications, not just graphics. This included video editing, financial modeling, and even cryptocurrency mining. However, most significantly, CUDA enabled the efficient running of AI models, making Nvidia GPUs the backbone of artificial intelligence development.

When AI development surged, Nvidia's GPUs became indispensable. Companies and researchers working on complex simulations, self-driving cars, and AI models used Nvidia technology. An example is Tesla, which is building a supercomputer cluster using Nvidia GPUs to enhance its self-driving cars.

Nvidia's technology is also fundamental to Amazon Web Services (AWS), the world's most widely used web service provider. Given AWS's role in cloud computing, Nvidia's tech is crucial for a significant portion of internet infrastructure.

In June 2024, Nvidia's strategic move to perform a 10:1 stock split made its shares more affordable, attracting a broader range of investors eager to invest in AI. This stock split played a significant role in Nvidia's explosive growth, enabling it to briefly become the world's most valuable company.

Although Nvidia has since seen a market correction, bringing it down to the third-most valuable company, the demand for AI and digital technology remains strong. Whether it's virtual movie production, medical simulations, or potential metaverse developments, Nvidia's GPUs power these innovations. Thus, the future of digital advancements heavily relies on NIVIDIA's contributions.

Keywords

• Nvidia
• AI
• GPU
• CUDA
• Stock Split
• Jensen Huang
• GeForce 256
• Amazon Web Services (AWS)
• Tesla
• Artificial Intelligence

FAQ

Q: When did Nvidia become the most valuable company in the world? A: On June 18, 2024.

Q: How much was Nvidia worth when it became the most valuable company? A: Nvidia was valued at $ 3.34 trillion.

Q: What was Nvidia's first GPU called? A: The GeForce 256.

Q: What is CUDA, and why is it significant? A: CUDA (Compute Unified Device Architecture) is a software platform that allows developers to utilize Nvidia GPUs for non-graphics tasks, significantly aiding AI development.

Q: What was the reason behind Nvidia's stock split in 2024? A: Nvidia performed a 10:1 stock split to make its shares more affordable, attracting more investors.

Q: How has Nvidia contributed to AI development? A: Nvidia's GPUs, empowered by CUDA, have become essential for running and training AI models, making them crucial for various applications from self-driving cars to complex simulations.

Q: What other tech industries rely on Nvidia's technology? A: Nvidia's technology is fundamental in many areas, including video editing, financial modeling, cryptocurrency mining, and cloud services provided by Amazon Web Services (AWS).

Q: What notable project is Tesla working on using Nvidia GPUs? A: Tesla is constructing a supercomputer cluster at its Texas Gigafactory using Nvidia GPUs to advance its full self-driving technology.