"The Sega Lifeline That Saved Nvidia from Bankruptcy"

1 min read
Source: Fox Business
"The Sega Lifeline That Saved Nvidia from Bankruptcy"
Photo: Fox Business
TL;DR Summary

Nvidia, founded in 1993 by Jensen Huang, Chris Malachowsky, and Curtis Priem, has grown from a struggling startup to the third-largest publicly-traded U.S. company with a $2.3 trillion market cap. Initially focused on 3D graphics for video games, Nvidia's development of the GPU in 1999 and subsequent advancements in AI technology have driven its success. The company's stock has seen a meteoric rise, particularly with the release of AI-enabled chips and the upcoming Blackwell chip. Nvidia's dominance in the AI chip market, holding at least 80% market share, continues to fuel its rapid growth.

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