Skip to main content

2024 - The Rise of a world’s second most valuable company ‘Nvidia’: From Graphics Giant to Tech Titan

 -

You will be shocked to know there is a lesser known brand valuable than, Apple, Google, Amazon etc. Its ‘Nvidia’. You read it right it’s Nvidia.

Long known for their dominance in the graphics card market for PC gamers, Nvidia quietly carved a niche in a booming tech sector: artificial intelligence.

Nvidia's ascension to the world's second-largest company by market cap in 2024 caught many by surprise. Nvidia Corporation is a technology company known for designing and manufacturing graphics processing units (GPUs). NVIDIA engineers the most advanced chips, systems, and software for the AI factories of the future. It builds new AI services that help companies create their own AI factories (nvidea website).


The AI powerhouse Nvidia saw its shares surge by 5.2% during June 2024, raising its market capitalisation to $3.02 trillion. This impressive growth has allowed Nvidia to surpass Apple and become the world's second-largest company, behind Microsoft, which holds a market capitalisation of $3.15 trillion.


Jensen Huang founded NVIDIA in 1993 and has served since its inception as president, chief executive officer, and a member of the board of directors. 

Fueled by the ever-growing demand for high-performance computing in AI, Nvidia's graphics processing units (GPUs) proved perfectly suited for the complex calculations required for machine learning. Tech giants like Microsoft, Google, and Meta snapped up Nvidia's powerful chips to fuel their AI ambitions. This surge in demand, coupled with a strong showing in the traditional gaming market, propelled Nvidia's stock price to new heights.

Image source: https://officesnapshots.com/2018/10/15/nvidia-headquarters-santa-clara/

Nvidia's supply chain allowed it to produce GPUs in larger volumes, faster, and more reliably, than its rivals. While Nvidia wasn't exactly silent – they've been at the forefront of AI technology for years – their focus wasn't necessarily on grabbing headlines. They concentrated on building best-in-class hardware that catered to a specific, rapidly growing need. This strategic approach, combined with a strong performance in the core gaming market, has propelled them to the top of the tech world.

You might have read in school ‘Slow and steady wins the race’.

Source: 

‘Edu research and insights’ and Google Gemini AI.


Labels:

Popular posts from this blog

Right attitude is a great power (story):

😒A Businessman was deep in debt and could not see any way  out. 😒Creditors and Suppliers were demanding payments. He sat in the park, deep in thought, wondering if anything could save his company from bankruptcy. 👍Suddenly an old man appeared before him and asked, "I can see that something is troubling you seriously". 👍After listening patiently the old man said, "I believe I can help you". 👍👍👍He asked the man his name, wrote out a cheque and put it into his hands saying, 👍"Take this money, meet me here exactly one year from today... and you can pay me back at that time". 👍Then he turned and disappeared as quickly as he had come. 👌👌👌The businessman saw in his hands a cheque for $ 500,000... signed by Warren Buffet, one of the richest men in the world. 👍"I can erase my worries instantly...
Read more

Beyond Fear: How a Single Attitude Change Unlocks Growth:

  🌟 Open the Door to Opportunity: The Power of a Positive Mindset We often encounter situations that highlight the stark difference between a closed, fearful mindset and an open, positive attitude. The choices we make daily—even small ones—are often dictated by whether we focus on the potential loss or the potential gain. A perfect illustration of this took place in a restaurant. I noticed the owner kept the large front door closed, essentially hiding a valuable marketing display and limiting the shop's visibility. When I asked him why, his reason was simple and fear-driven: "What if people will eat and go without paying?" His focus was entirely on preventing a minor potential fraud cost . The Opportunity Cost of Fear I challenged him to compare that small potential loss (the fraud cost) with the much larger benefit he was sacrificing: the marketing opportunity cost . By keeping the door closed, he was missing out on: ...
Read more

Focus- The secret to High performance and Fulfillment:

 - Click to hear lecture: Summary: Source:  The video is directly linked to youtube and the summary is adopted from the comments section of this video.
Read more

Why people at big companies are happy:

- Lets refresh our memories   - employees are emotional creatures. Events from personal life affect professional life and vice versa.  - Healthy work-life balance means different things to different people. Top companies realize there is no one-size-fits-all approach – they don’t tell employees HOW to achieve work-life balance. - As long as employees feel they are a part of something that is bigger than themselves, they remain engaged. Merge this with the freedom to design professional career path and the well-planned learning opportunities to succeed on those paths. Click to read full article from LinkedIn:
Read more

Learn B-school/Business lessons from street vendors:

- Captain Raghu Raman teaches an interesting business lessons from Street vendors. And in the last section he speaks about the after retirement life of young armed forces. Click to watch: About Captain Raghu Raman: Note:  The above video is linked directly from youtube. About 'Raghu Raman' detail is received from youtube description.
Read more

Leaders Get Results:

Secret 5: Leaders Get Results from  The 7 Secrets of Exceptional Leadership by Brian Tracy Results are everything–in life, in business and in leadership. Leaders are those who have developed the ability to achieve the most important results expected of them in their positions. The first question of the leader is always,  "What results are expected of me?" The second question leaders ask is,  "Of all the results that I can achieve, what are the most important results for my business?" There will always be too much to do and too little time, especially for leaders in their positions of responsibility. All of life, therefore, consists of making choices and decisions between what is more important and what is less important, between what you care about the most and what you care about less. The quality of your life today is a measure of the quality of your choices and decisions up to this point. To improve the quality of your life in the future, you must make bett...
Read more

What can a radical leader do?

 Radical leader, can: Prepare oneself Exemplify Moral Integrity Go Beyond Self-Interest Establish Clear Goals Respect Your People Convey an Inspiring Vision Be A Mentor... and in doing so inspire revolutionary teamwork.
Read more

Brave and intelligent do not argue:

The donkey said to the tiger, 'The grass is blue.' Tiger said, 'No grass is green.' Then the discussion between the two became intense. Both of them are firm in their own words. To end this controversy, both went to Lion – King of Jungle. In the middle of the animal kingdom, sitting on the throne was a lion. The donkey started yelling before the tiger could say anything. “Your Highness, the grass is blue, isn’t it?” Lion said, 'Yes! The grass is blue. ' Donkey, 'This tiger does not believe. Annoys me He should be punished properly. ' The king declared, 'Tiger will be jailed for a year. King's verdict was heard by donkey and he was jumping in joy in entire jungle. The tiger was sentenced to one-year jail. ' The Tiger went to the Lion and asked, 'Why Your Highness! Grass is green, isn’t it? ' Lion said, 'Yes! Grass is green.’ Tiger said, '... then why am I sentenced to jail? ' Lion said, “you did not get punished for th...
Read more

Click to read the collection of 200+ articles and videos on life skills:

💭 Level Up Your Life: Unveiling Your Life Skills Toolkit We'll be diving deep into a variety of areas,   all designed to equip you for whatever life throws your way.   Here's a sneak peek at some of the exciting topics we'll be exploring: So,   get to learn and get ready to embark on a journey of self-discovery, self-improvement  and empowerment.   Together,  let's build that life skills toolkit and conquer whatever life throws our way! Click your area of interest below to read many many articles under each topic: 1. Life Skills- - - 2. Corporate Stories  3. Work Life Balance  4. Understanding Teenagers 5. Understanding Life 6. Happy Feeling 7. Leadership Skills 8. Initiatives 9. Health and wellness  10. Motivating Potentials 11. My friends are gold 12. Relationship Management  13. Understanding Self 14. Fun and Fun 15 . Hit hard 16. Activities   Or Also you can select based on year of publication: Click for articles of 2020 ---...
Read more