Nvidia briefly overtakes Apple as world's most valuable company—it began in a breakfast booth at Denny's

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Nvidia briefly surpassed Apple as the world’s most valuable company by market cap on Monday. Here’s the story behind the AI chipmaker’s…

as the most valuable company in the world on Monday — another stop on the company's unlikely journey from startup to tech giant.that Nvidia is replacing rival chipmaker Intel in the Dow Jones Industrial Average, a 30-member index that's often viewed as a key metric of the U.S. economy.By Monday evening, Apple bounced back to the top with a $3.38 trillion market value, compared to Nvidia's $3.34 trillion.

"We came right here to this Denny's, sat right back there, and the three of us decided to start the company," said Huang.."Frankly, I had no idea how to do it, nor did they. None of us knew how to do anything.". This helped them snag a partnership with video game company Sega to help make its games accessible on personal computers.

When AI exploded onto the global business landscape, driven at least partially by the release of OpenAI's ChatGPT chatbot in 2022, Nvidia was well-positioned to take advantage. Its shares have returned more than 500% since the start of 2023,never anticipated that Nvidia's diversification — driven by its development of a particularly powerful graphics processing chip — would prepare it for the age of artificial intelligence, he said.

That particular kind of optimism is a crucial factor to leading a successful life and career, according to cognitive neuroscientist Tali Sharot.."The way we expect the world to be changes the way we see it. But it also changes objective reality. It acts as a self-fulfilling prophecy. Controlled experiments have shown that optimism is not only related to success, it leads to success."

 

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