Nvidia is ranked third among the top three most valuable companies in the world. In the late 1990s, the company was on the verge of bankruptcy but Jenson Huang did not give up and his company has reached this position.
New Delhi : If you had invested $10,000 in the American AI chip maker Nvidia Corp 25 years ago, the value of your investment would have been $25.3 million today. This company, listed in 1999, has given 250,000% return to its shareholders so far. At least 15 mutual funds of India have also invested in this company. Nvidia Corp is the third most valuable company in the world. Its market cap is around $2.618 trillion, which is 10 times bigger than Mukesh Ambani’s company Reliance Industries. The market cap of Indian company Reliance Industries is $241.21 billion. The founder and CEO of Nvidia, the company with the highest earnings this year, is Jensen Huang.
Recently, Nvidia’s shares have gained momentum, due to which the wealth of Nvidia’s founder and CEO Jenson Huang has also increased. With a total wealth of $93.6 billion, Jenson Huang has reached the 17th position in the list of the world’s richest millionaires. This year, his total wealth has increased by the maximum of $49.6 billion. Jenson Huang earns about $10 billion every month.
The Beginning of Nvidia
Jenson Huang started Nvidia Corp in April 1993. Huang was born in Taiwan in 1963. His parents sent him to the US to live with relatives in 1973. The company began by making video-game graphics chips. Nvidia founder and CEO Jenson Huang owns a 3.5% stake in the company.
Shares gained momentum
When the world was struggling during the Corona period, that time proved to be a boon for the company. During the Corona period, the company’s shares rose sharply. Due to the crypto boom, chips started being used more in mining. But later the price of the company’s shares also fell. With the increase in the trend of AI, there was a change in the company’s business as well. Huang says that AI is working to advance the computer revolution. It is very easy to use, that is why its use is increasing rapidly. Companies around the world are moving towards more powerful computers that can handle generative AI like ChatGPT.
Profit increased six times faster
Big tech companies like Microsoft and Google are in a race to buy as many chips as possible from Nvidia. Companies from Saudi Arabia and UAE are also buying thousands of chips from Nvidia. The competition between the world’s big companies shows how high the demand for Nvidia’s chips is. In the coming times, the trend of chatbots and other tools will also grow rapidly and this will also grow Nvidia’s business rapidly. The company’s profit grew by 628 percent and revenue by 268% last year.
