The three trillion dollar company you need to know more about
One name now claims the title of third most valuable company in the world, but its not a household name: Nvidia
In the ever-evolving world of technology, the most valuable companies often become household names. Apple and Microsoft are prime examples, consistently leading the charge with their groundbreaking products and services. However, there's a name in town that you might not know as much about: Nvidia. As of July 2024, Nvidia has joined the ranks of Apple and Microsoft, with a market valuation of a staggering $3.2 trillion. To put this into perspective, Nvidia has the third largest market capitalisation, a price exceeding the GDP of the United Kingdom. So, what exactly does Nvidia do right, and how did it achieve such astronomical growth?
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Founded in 1993, Nvidia initially focused on creating graphics processing units (GPUs) for the gaming industry. Over the years, the company has expanded its reach far beyond gaming, becoming a crucial player in various high-tech industries. Nvidia's GPUs have become the backbone of modern computing, powering everything from data centres to artificial intelligence applications.
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