NVIDIA

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Nvidia is one of the leading manufacturers of graphics processing units (GPUs), which it claims to have invented in 1999. Nvidia went public on January 22, 1999.
Nvidia represents 5.2% of the S&P 500’s market cap as of May 2024, according to UBS equity strategist Jonathan Golub.
Nvidia designs and manufactures GPUs for general use as well as for gaming and artificial intelligence applications. GPUs process vectors of data efficiently, making them useful in applications without visual graphics, like cryptocurrency mining. 
The deployment of GPUs dominated the bitcoin mining equipment industry until about 2017. Their use has been supplanted in a number of applications, in particular bitcoin mining, by application-specific integrated circuits (ASICs), which are dedicated to solving a single problem. 
Nvidia has benefitted greatly from the introduction of ChatGPT in 2022, which set off a wave of interest in AI technology.
Nvidia (NVDA) hit a market capitalization of $1 trillion briefly on May 30, 2023 (though it closed below the mark that day), making it the seventh U.S. company to reach a market cap of $1 trillion. (Apple was the first, in 2018.) It had a market capitalization of slightly more than $87.5 billion at the end of January 2019. 
Despite the fall-off in demand from bitcoin mining, GPUs continued to be used extensively in Ether-mining equipment as well as in equipment for mining other so-called ASIC-resistant cryptocurrencies. 
In its Q1 2018 financial report Nvidia revealed its chip sales for cryptocurrency mining applications for the first time, saying that its revenues reached $289 million for the quarter. The company also predicted a decline of two-thirds for the next quarter. 
In its Q III 2018 financial report, Nvidia said that its would take one or two more quarters for it to work through the inventory overhang that resulted from the fall in demand for both bitcoin and ether mining equipment. 
In February 2024, Nvidia saw a $230 billion jump in value after releasing its earnings report, surpassing high expectations. The growth in Nvidia's value mostly stems from the surging demand for generative AI across companies and industries. "Accelerated computing and generative AI have hit the tipping point," Nvidia's chief executive Jensen Huang was quoted as saying. Nvidia has come to dominate the market for chips used in artificial intelligence (AI) hardware and software. 
Access to components such as Nvidia Corp.’s H100 AI accelerator has become linked to both national security and the fortunes of huge companies such as Google and Microsoft.
Nvidia’s market capitalization reached $2 trillion in morning trading on February 23, 2024, less than nine months after crossing the $1 trillion threshold. 
In March of 2024, Nvidia revealed its Blackwell chips, which it said are twice as powerful as the current generation of chips for training AI models and offer five times the performance on “inference” — the speed at which such models can respond to queries. 
On June 18, 2024, Nvidia’s shares rose to make it the most valuable U.S. company, topping Microsoft. At the end of the day the company reached a valuation of $3.34 trillion.
On December 9, 2024, China said it had launched an investigation into Nvidia Corp over suspected violations of the country's anti-monopoly law.
== Products == 
* Nvidia designs and sells GPUs for gaming, cryptocurrency mining, and professional applications, as well as chip systems for use in vehicles, robotics, and other tools.
* Nvidia API: NVAPI is NVIDIA's core software development kit that allows direct access to NVIDIA GPUs and drivers on all Windows platforms. 
== Key People ==
*Jensen Huang, Co-Founder, CEO and President
*Chris A. Malachowsky, Co-Founder and NVIDIA Fellow
== References ==
Category: GPU
Category: Mining
Category: cryptocurrency
Category:CryptoMarketsWiki