Founded in 1993 by CEO Jensen Huang and engineers Chris Malachowsky and Curtis Priem after coming up with the idea in a Denny’s, Nvidia scored $20M in funding from Sequoia Capital and Sutter Hill Ventures before going public in 1999. Today, it’s the world's leading semiconductor company, with a market cap surpassing $2T.
As of May 2024, Nvidia was worth more than Meta, Tesla, and Netflix combined—with value to spare. Virtually every Big Tech company, including Amazon, Meta, and Google, uses Nvidia chips.
Nvidia’s stock surged in recent years as AI hype rose to a fever pitch. But investors could soon demand the companies powering AI models with Nvidia’s chips show a return on investment.