Nvidia - Learn the history of the company that rules Wall Street and Nasdaq

Nvidia Corporation is one of the leading manufacturers of integrated circuits and graphics solutions in the world. The history of this listed company began in April 1993, when three scientists - Jensen Huang, Chris Malachowsky and Curtis Priem - decided to start their own company in Santa Clara, California.

The development of Nvidia over the years

Nvidia initially focused on designing graphics cards for personal computers. The company's first product was the NV1 integrated circuit, launched in 1995. However, it was the second generation of Nvidia products, the GeForce 256, which debuted in 1999, that brought the company great success.

The GeForce 256 was the first product to use 3D graphics processing technology. Thanks to this graphics chip, users could enjoy much better graphics quality in computer games and other multimedia applications. The GeForce 256 turned out to be a hit and contributed to the rapid growth of Nvidia's popularity.

Nvidia's debut on the stock exchange and share price

Over the following years, Nvidia continued to develop new graphics technologies. The company launched a number of successive graphics chips that became the industry standard. NVIDIA first sold shares to the public on January 22, 1999 at $12 per share. Over the years, shares have been split four times.

Nvidia - from graphics cards to artificial intelligence

Nvidia did not limit itself to the production of graphics cards. The company has expanded its product portfolio to include chips for game consoles, mobile devices, workstations and artificial intelligence systems. In recent years, Nvidia has built a reputation as a leader in artificial intelligence and machine learning, offering powerful GPU solutions for scientific computing, data analysis, and autonomous vehicle development.

Nvidia continued to innovate and make strategic acquisitions that strengthened its position in the market. In 2011, the company announced the acquisition of Icera, which specializes in wireless technologies. In 2015, Nvidia acquired Mellanox Technologies, a leader in network solutions, for $5,6 billion.

One of the most important breakthroughs in the history of Nvidia was the introduction in 2016 of a GPU architecture called Pascal. This new generation of graphics chips provided significant performance and energy efficiency gains, which in turn contributed to increased sales and profits for the company.

In recent years, Nvidia has focused on developing technologies related to artificial intelligence, including deep learning and machine learning. It also introduced innovative solutions in the field of autonomous cars, including the DRIVE platform, which offers comprehensive solutions for the automotive industry.

Thanks to its constant commitment to innovation and technological development, Nvidia has gained recognition around the world. The company has won numerous awards and honors for its achievements, and its products are used in state-of-the-art applications and systems around the world.

Nvidia is a leader in the AI ​​industry

Currently, Nvidia is one of the most valued and valuable companies on the stock exchange. Its shares are listed on various exchanges, including on NASDAQ, and attract the attention of investors from all over the world.

In conclusion, Nvidia Corporation started as a manufacturer of graphics cards and has grown into one of the leaders in graphics technology, scientific computing and artificial intelligence. Its innovative products and strategic acquisitions have contributed to its success in the market and maintains its strong position in the technology industry.

CHECK: How to invest in artificial intelligence? [Guide]

Nvidia in medicine

Nvidia is actively involved in the field of medicine, using its technologies to accelerate progress in medical diagnostics, artificial intelligence-based therapies and scientific research. The company works with medical and research institutions to provide powerful GPU solutions that accelerate medical data analysis, medical imaging and genetic testing. Nvidia's work is focused on improving the accuracy of diagnoses, personalizing treatment, and supporting drug discovery and therapy to advance the medical field.

The above part of the article was written, with corrections and editing by the author of the prompt, by AI - Chat GPT 😉. As befits Nvidia.

Nvidia share price and financial results

As reported by Reuters after the publication of the company's results, Nvidia on Wednesday evening said it forecast second-quarter revenue more than 50% above Wall Street estimates and said it is increasing supply to meet the growing demand for its artificial intelligence chips, which are used to power ChatGPT and many similar services.

Shares of Nvidia, the world's most valuable semiconductor-listed company, rose as much as 28% after the close of trading to a record high of $391,50. The increase increased Nvidia's stock market value by about $200 billion to more than $950 billion, extending the Silicon Valley firm's lead as the world's most valuable chipmaker and the fifth-most valuable firm on Wall Street.

CHECK: How to invest in semiconductor companies? [Guide]

Nvidia forecast revenue for the current quarter of $11 billion, plus or minus 2%. Analysts polled by Refinitiv projected revenue of $7,15 billion.

"Given the ongoing gold rush of generative AI, this should drive demand for Nvidia chips for the remainder of the year." - said analyst Edward Jones Logan Purk quoted by Reuters.

Adjusted revenue for the quarter ended April 30 was $7,19 billion. Analysts polled by Refinitiv expected revenue of $6,52 billion. The company's data center chip sales reached $4,28 billion, surpassing analyst estimates of $3,89 billion, according to FactSet segment data.

One-day record high for Nvidia share price

In 2016, the company recorded a record increase in the share price during one session. This also happened after the publication of amazing financial results. Then Nvidia's share price jumped 29%. Will this record be broken today? We'll find out tonight.

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