Nvidia's Remarkable Stock Growth
Nvidia, a chipmaker, has experienced a remarkable 591,078% growth since its IPO in 1999, becoming the world's most valuable company due to its cutting-edge chips for artificial intelligence. The company's success was driven by its big bet on graphics chips and accelerated computing.
Key Points
- Nvidia's success driven by big bet on graphics chips and accelerated computing
- Company's chips power various technologies from video games to data centers
- Data-center sales surpassed gaming revenue in fiscal 2023
Pros
- Remarkable 591,078% growth since IPO
- Leader in cutting-edge chips for artificial intelligence
- Visionary leadership by co-founder and CEO Jensen Huang
Cons
- Volatile stock performance with three annual collapses of 50% or more
- Dependence on customers continuing to spend on AI equipment