Established in 1993, over the years, NVIDIA has become a known name in providing solutions related to Artificial Intelligence computing.
About NVIDIA
In February this year, NVIDIA achieved a market cap of $2.2 trillion and became the 3rd largest company in the United States, leaving Amazon and Google behind. The question is how?
3rd largest company
While NVIDIA’s competitors focused on manufacturing CPUs, it shifted to focus on making Graphics Processing Units (GPUs) and got an early mover advantage.
Focus on GPUs
Within the GPU market, the company innovated with solutions like CUDA architecture, Programmable shaders, and developing new AI models.
Innovation
NVIDIA also provided AI solutions to industries like cloud computing, data centres, automounts vehicles, gaming, and more.
AI solutions
The company’s Q42024 revenue stood at $61 billion, the highest among its competitors Intel ($54 billion), Qualcomm ($36 billion), and AMD ($23 billion).
Revenue
These positive movements led NVIDIA stock to rise and helped the company become the third largest. In the last one year, the stock has given a return of 209.5%, which is again the highest among its peers with Intel, Qualcomm, and AMD giving returns of 67.60%, 65.10%, and -0.29%, respectively.