Nvidia's Staggering Growth: From Diner to AI Dominance
Durham News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Nvidia, the worlds largest publicly traded company, has seen its stock surge over four thousand five hundred times since its 1999 debut, with a ten-thousand-dollar investment now worth over eight million dollars. The companys GPUs, used in AI applications, have driven this growth, with institutional investors holding nearly seventy percent of its shares. The top ten institutions, led by Vanguard and BlackRock, control thirty-five percent, while CEO Jensen Huang, the biggest individual shareholder, owns around four point two percent, worth roughly one hundred forty-six billion dollars. Nvidia was founded in 1993 by Huang and two other engineers, who launched the first GPU and shifted to AI dominance in the late two thousands.
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