A lucky bet and unlimited coffee: How Nvidia became the world's most valuable company

Name any major tech brand - from Google to Amazon to Tesla to ChatGPT - and the chances are Nvidia is involved in some way. The company - which makes computer chips - may not be a household name in the UK, but it has just leapfrogged Microsoft and Apple to become the most valuable public company in the world. It is now worth more than $3.3tn - with its share price up by almost 600,000% from when it first traded on the US stock market back in 1999.

Clever bet Engineers realised that the chips were able to perform calculations in ways regular CPUs could not - making them more energy efficient and better able to handle sophisticated computing tasks. So by the mid-2000s Nvidia began marketing its products at other types of tech firms, before then branching out further by investing heavily in artificial intelligence in the 2010s. One example was car companies - which soon turned to the firm for help with driver-assistance software.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SK hynix shimmies towards AI silicon by driving merger of South Korean Nvidia challengersSapeon and Rebellions think they can do better together
Source: TheRegister - 🏆 67. / 61 Read more »

Supermicro plans to flood market with liquid-cooled datacenter techThree new Silicon Valley campuses in pipeline to meet demand
Source: TheRegister - 🏆 67. / 61 Read more »

A lucky bet and unlimited coffee: How Nvidia become the world's most valuable companyIt may not be a household name in the UK, but the computer chip maker has rapidly become one of the most successful businesses in the world, with its products used by most of Silicon Valley's leading tech firms.
Source: SkyNews - 🏆 35. / 67 Read more »