Nvidia's Bullish Run

Nvidia, valued at $2.4 Trillion, the new tech giant.

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Image Credit: Wix AI

"An investment in knowledge pays the best interest." -Benjamin Franklin

Nvidia is an American company known primarily for its graphics processing units and semiconductor products. It was founded by 1993 by 3 friends in Sunnyvale, California. The AI boom is just now starting, however, Nvidia had predicted this a decade ago. The company has invested billions of dollars in acquiring AI technology, and implementing those in their own chips, propelling their technology way ahead of competitors such as AMD or Intel. Today, Nvidia is reaping the fruits of their labor.

With a $2.4 Trillion market capitalization, Nvidia is now the 3rd most valuable company in the world.

On March 23th 2023, Nvidia's stock was trading for $271.91. Just 1 year later today, Nvidia stock is trading at a staggering $942.89. After an almost 250% increase in price, Nvidia has been all over the news. Its newest technology, the Blackwell Chip, is said to be the fastest most capable GPU ever seen before. Industry trends, market sentiment, and earnings reports have all favored the now tech giant as they take on the likes of Apple and Microsoft.

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Image Credit: Google Images

The companies current CEO, Jensen Huang is a the visionary that deserves the credit. He expanded Nvidia's business from gaming and personal computers to autonomous vehicles and data centers. Nvidia is now bigger than Intel, a much older and more prominent company which was first in the chip and semiconductor market.

Nvidia's story shows that understanding the market segment and being one step ahead of your competitors is all it takes to build a sustainable multi-billion dollar business, facilitating the transformation of the AI age.