Jensen Huang, Chris Malachowsky, and Curtis Priem founded NVIDIA on April 5, 1993. Their vision was to pioneer 3D graphics. They aimed to revolutionize the gaming and multimedia markets. This ambition quickly evolved to reshape the broader computing landscape.
In 1999, NVIDIA introduced the GPU, the graphics processing unit, revolutionising how computers handle graphical computations. Seven years later, NVIDIA made a significant leap by unveiling CUDA®.
This parallel processing architecture revolutionized GPU usage. It opened the power of GPUs to scientific research and computational fields. CUDA expanded their utility far beyond gaming.
In 2012, NVIDIA powered AlexNet, a breakthrough neural network. This marked a turning point in the AI revolution. It highlighted NVIDIA’s impact on artificial intelligence. In 2018, the company launched NVIDIA RTX™, the first GPU with real-time ray tracing
This transformed the visual fidelity of computer graphics. By 2022, NVIDIA led the way in the metaverse with its Omniverse™ platform. This platform provided essential tools for building shared virtual worlds.
Over the past 30 years, NVIDIA’s technology has empowered scientists, researchers, developers, and creators. Today, over 4 million developers use NVIDIA’s advanced AI and computing tools. Additionally, 40,000 companies leverage these tools. The company has transformed into a core enabler of digital innovation worldwide.
NVIDIA Stock listing
NVIDIA is traded on NASDAQ under the NVDA ticker symbol. The company went public on 22 January 1999 at $12/share. As of October 24, 2024, the stock quote for NVIDIA (NASDAQ: NVDA) is $140.41. This reflects a gain of $0.85, or 0.61%. Today’s trading volume stands at 3,341,424 shares.
The intraday high reached $141.35, while the low was $138.46. NVIDIA opened today (24 October 2024) at $140.82, with a previous close of $139.56. Over the past year, NVIDIA’s stock has ranged from a 52-week high of $144.42 to a 52-week low of $39.23.
Nvidia’s top individual stockholders include Jen-Hsun (“Jensen”) Huang, Mark A. Stevens, and Tench Coxe. The top institutional shareholders are Vanguard Group Inc. (Vanguard), BlackRock Inc. (BlackRock), and FMR LLC (FMR). As of 30 June 2024, Vanguard holds the largest stake in NVIDIA with 2.14 billion shares, representing 8.74% of the company and a value of approximately $306.7 billion.
BlackRock follows closely with 1.84 billion shares, making up 7.5% of NVIDIA’s holdings and valued at around $263 billion. FMR also holds a significant position with 1.04 billion shares, representing 4.26% of the company and valued at about $149.3 billion.
Market capitalisation
NVIDIA has a market capitalisation of US$3.49 trillion, with a revenue of US$96.31 billion and net income of US$53.01 billion.
Awards & accolades
NVIDIA has earned multiple recognitions, including Best Places to Work by Glassdoor, the Most Innovative Company by Fast Company, and a Culture Champion by MIT Sloan & Glassdoor. Additionally, it is acknowledged as the Best Green Company on the Dow Jones Sustainability Index and a Best Corporate Citizen by the JUST 100, with one of the Best-Performing CEOs according to Harvard Business Review.
NVIDIA ranks #2 on the Dave Thomas Foundation’s list of 100 Best Adoption-Friendly Workplaces, showing strong support for adoptive parents. It is also recognized as one of the Best Places to Work for LGBTQ Equality by the Human Rights Campaign Foundation, highlighting its commitment to equality.
The company is celebrated as one of Fortune’s 100 Best Workplaces for Millennials, catering to early-career professionals born between 1981 and 1997. With a focus on work-life balance, NVIDIA also ranks among Fortune’s 50 Best Workplaces for Parents, providing a supportive environment for families.
NVIDIA announces financial results for 2nd quarter fiscal 2025
On 28 August 2024, NVIDIA reported impressive financial results for the second quarter ending July 28, 2024, with revenue hitting $30.0 billion, a 15% increase from the previous quarter and a remarkable 122% jump from the previous year.
GAAP earnings per diluted share reached $0.67, reflecting a 12% rise from the previous quarter and a significant 168% increase year-over-year. On a non-GAAP basis, earnings per diluted share were $0.68, up 11% from the prior quarter and 152% from a year ago.
CEO Jensen Huang highlighted the robust demand for NVIDIA’s Hopper architecture and the high anticipation surrounding Blackwell, which has begun shipping samples to partners and customers.
Huang emphasised NVIDIA’s role as a full-stack, data-center-scale platform, with innovations like Spectrum-X Ethernet for AI and NVIDIA AI Enterprise software gaining traction.
NVIDIA’s expanding ecosystem supports a wide range of users, from frontier model developers to consumer internet services. It now also caters to enterprise clients. As generative AI continues to evolve, it is set to reshape industries worldwide.
NVIDIA also demonstrated strong shareholder returns, with $15.4 billion distributed through share repurchases and dividends in the first half of fiscal 2025. Additionally, on August 26, 2024, the Board approved an additional $50.0 billion for share repurchases, without expiration.
Following a ten-for-one forward stock split on June 7, 2024, NVIDIA’s adjusted shares continue to gain value as the company strengthens its leadership in accelerated computing and AI. The next quarterly cash dividend of $0.01 per share is scheduled for October 3, 2024, for shareholders of record as of September 12, 2024.
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