Nvidia: The Rise of a Trillion-Dollar Tech Giant
In recent news, Nvidia has become the world’s newest tech giant and a trillion-dollar company. Nvidia is not an unexpected startup, founded in 1993, it designs chips used in the fastest-developing sectors of the technology business such as gaming, video editing, self-driving cars and now artificial intelligence. Its technology was also in the mix for the rise of cryptocurrencies.
Based in California, Nvidia doesn’t actually make its own chips but rather designs them and then outsources manufacturing to other companies, most notably Taiwan Semiconductor Manufacturing Company. Its chips are known as graphics processing units (GPUs) and were used to create the effects in “Avatar” and other blockbuster movies. But Nvidia became a giant when its products proved adaptable to other industries that need serious computing power.
Nvidia’s bread and butter has been the GPU, delivering the best possible graphics for games and movies for decades. As use cases expanded with machine learning processes behind AI revolutionizing various industries such as healthcare and finance, Nvidia grew from strength to strength.
In 2022, Nvidia released H100, one of its most powerful processors ever built costing around $40k each designed specifically for generative AI. The H100 containing 80 billion transistors is experiencing explosive demand from cloud giants driving AI arms race like Microsoft, Amazon and Google along with any other company that can afford to join the fray.
At product launches or events CEO Jensen Huang sports his signature leather biker jacket while promoting new releases. Born in Taiwan, his parents sent him to a strict boarding school in Kentucky where he learned how to survive in a difficult environment before earning engineering degrees from Oregon State University and Stanford University.
For some time Nvidia was an unsung hero of the tech industry even becoming a meme stock pushed by day traders on social media back when it was still overlooked by Wall Street bigwigs.
It is widely rumored that, Nvidia announced this month that its sales for the three months ending in July would be $11 billion. The rise of Nvidia is a testament to how quickly technology and AI are advancing and how they are transforming various industries across the world.
