Nvidia's Market Valuation

Nvidia Corporation

In 2023, Nvidia became the seventh public
U.S. company to be valued at over $1 trillion

(/ɛnˈvɪdiə/, en-VID-ee-ə) is an American multinational corporation and technology company headquartered in Santa Clara, California, and incorporated in Delaware. It is a software and fabless company which designs and supplies:

• graphics processing units (GPU's)

• application programming interfaces (API's) for data science and high-performance computing

• as well as system on a chip units (SoCs) for mobile computing and the automotive market

• Nvidia is also a dominant supplier of artificial intelligence (AI) hardware and software.

NVIDIA, the innovative chipmaker hailing from California, has seen its value soar in response to a remarkable wave of advancements in artificial intelligence (AI). Their cutting-edge technology is at the forefront of this AI revolution, reshaping industries and redefining possibilities. 

Nvidia's professional line of GPUs are used for edge-to-cloud computing and in supercomputers and workstations for applications in fields such as:

• architecture
• engineering
• construction
• media and entertainment
• automotive
• scientific research
• and manufacturing design

Its GeForce line of GPUs are aimed at the consumer market and are used in applications such as:

• video editing
• 3D rendering
• and PC gaming

With a market share of 80.2% in the second quarter of 2023, Nvidia leads the market for discrete desktop GPUs by a wide margin. The company expanded its presence in the gaming industry with the introduction of the Shield Portable (a handheld game console), Shield Tablet (a gaming tablet), and Shield TV (a digital media player), as well as its cloud gaming service GeForce Now. In addition to GPU design and outsourcing manufacturing, Nvidia provides the CUDA software platform and API that allows the creation of massively parallel programs which utilize GPUs. They are deployed in supercomputing sites around the world. In the late 2000's, Nvidia had moved into the mobile computing market, where it produces Tegra mobile processors for smartphones and tablets as well as vehicle navigation and entertainment systems. Its competitors include AMD, Intel, Qualcomm, and AI accelerator companies such as Cerebra's and Graphcore. It also makes AI-powered software for audio and video processing (e.g., Nvidia Maxine). 

In 2023, Nvidia became the seventh public U.S. company to be valued at over $1 trillion, and the company's valuation has increased rapidly since then as the company became a leader in data center chips with AI capabilities in the midst of the AI boom. In June 2024, for one day, Nvidia overtook Microsoft as the world's most valuable publicly traded company, with a market capitalization of over $3.3 trillion.