Nvidia, founded in 1993 by Jensen Huang, became a leading supplier of AI processors and a market-cap giant.
Nvidia was established by Jensen Huang, Chris Malachowsky, and Curtis Priem in 1993. It first became famous for graphics processing units, or GPUs, used in computer games and professional visualization. GPUs can perform many calculations in parallel, making them highly effective for training and running artificial-intelligence models.
Nvidia’s CUDA platform expanded the usefulness of its hardware beyond graphics. Researchers and software developers could use Nvidia GPUs for scientific computing, machine learning, and data-center workloads. This helped the company become a crucial supplier during the rapid growth of generative AI.
The company’s market capitalization rose sharply as demand for its data-center products increased. Market cap reflects investor expectations as well as current earnings, so a rapidly growing company can receive a very high valuation before its full long-term business potential is known.