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Beyond the Ticker: Nvidia

From creating chips for gaming to becoming one of the world's leading AI chip companies, it's safe to say Nvidia (NVDA) is officially one of the tech giants. In 2023, the company generated nearly $27 billion in revenue, and its market cap is currently hovering around $3 trillion. Let's take a closer look at what led to Nvidia's boom with Beyond the Ticker, where we dive into the company's biggest moments. 1993 Nvidia was founded on April 5, 1993, by Jensen Huang, Chris Malachowsky, and Curtis Priem, with a vision to bring 3D graphics to the gaming industry. 1997 Nvidia launched its first hit product, the NV3. It would later go on to sell a whopping 1 million units in its first four months of availability. 1999 On January 22, 1999, Nvidia went public via IPO at $12 per share. 2000 Microsoft (MSFT) chose Nvidia to develop the graphics hardware for the first Xbox console. 2005 Microsoft rival Sony (SONY) chose Nvidia’s hardware to power the PlayStation 3. 2010 Nvidia became the graphics chip supplier for automaker Audi. 2015 The company launched its Nvidia Drive chip for powering driver assistance systems. 2016 Nvidia kicked off its AI efforts with the launch of its DGX-1 server for artificial intelligence applications. 2018 The company debuted the NVIDIA RTX, the first GPU capable of real-time ray tracing. That same year, Google (GOOG, GOOGL) announced it was using Nvidia’s Tesla (TSLA) P4 graphics cards for its Google Cloud Platform. 2022 Nvidia debuted its H100 graphics chip for AI, which still stands as one of the world’s most powerful chips for artificial intelligence apps. 2024 On June 5, 2024, Nvidia eclipsed the $3 trillion market cap mark, joining the ranks of mega companies Apple (AAPL) and Microsoft. The stock continues to surpass its all-time highs over the past month and is currently trading at well over $1,000 per share. From a company of three engineers working on a graphics card, to thousands of employees working on chips that will power the AI supercomputers of the future, Nvidia remains at the top of the tech industry. From tech giants to retail titans, Beyond the Ticker is a historical series that takes a deep dive into some of Wall Street's trending companies and how they transformed into the financial icons they are today. Check out more of our Beyond the Ticker series, and be sure to tune in to Yahoo Finance. Editor's note: This video was produced by Zach Faulds.