From a garage startup to a $2-trillion tech giant

Nvidia's journey from a modest start-up to becoming a trillion-dollar giant is a testament to its vision, and ability to adapt to a fast-paced market

- JAIDEEP GHOSH

It took Nvidia, the global AI chip powerhouse, 24 years as a public company to reach a valuation of USD 1 trillion in June 2023. The second trillion took just eight months! Nvidia touched USD 2 trillion this February, becoming the third most valuable tech company globally, after Apple and Microsoft.

Let us take a quick look at Nvidia's remarkable journey, its current market dominance, and the potential challenges it faces.

FROM HUMBLE BEGINNING TO COMPUTING POWERHOUSE

Founded in 1993 in California, Nvidia began its foray into the world of Graphics Processing Units (GPUs), chips responsible for generating visuals on computers. In the early days, the company focused on gaming GPUs, catering to the growing demand for immersive and realistic experiences.

As market and technology evolved, they pioneered the concept of general-purpose computing GPUs, which leveraged the parallel processing power for tasks beyond graphics, such as running scientific simulations and complex artificial intelligence (AI) models.

This strategic shift proved to be a game-changer. With the explosion of AI in recent years, GPUs have become the backbone of AI models. Nvidia's GPUs are now the go-to choice for leading tech giants like Microsoft, Amazon, Google, and Meta who spend billions of dollars on their AI projects.

MARKET DOMINATION Nvidia