AI
Nvidia’s rise to $4 trillion: A timeline of its market capitalisation
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Nvidia was founded in 1993 as a manufacturer of graphics processing units (GPUs) for gaming by Jensen Huang, Chris Malachowsky, and Curtis Priem in Santa Clara, California.
The company made history on July 9 when its market capitalisation crossed $4 trillion, the first public company in the world to do so. This reflects Wall Street’s stamp of approval for all things AI, for which the company’s advanced chips are crucial.
Nvidia’s initial focus was on developing GPUs for video gaming and graphics-intensive applications. Through the 1990s, it…
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