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?
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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