NVIDIA'S STOCK MARKET VALUE TOPPED $3.3 TRILLION. HOW IT BECAME NO. 1 IN THE S&P 500, BY THE NUMBERS

Nvidia’s startling ascent in the stock market reached another milestone this week as the chipmaker rose to become the most valuable company in the S&P 500.

Investors now say the company is worth over $3.3 trillion.

Over the past three years, Nvidia has experienced significant growth and innovation, particularly in the realm of artificial intelligence (AI). 

The company’s most notable achievements include the release of the H100 AI GPU, which is critical for AI model training and has become a cornerstone in data centers globally. Nvidia’s data center division, primarily driven by AI, has witnessed explosive growth, with quarterly revenue reaching $22.1 billion by early 2024—a 265% increase from the previous year. 

This shift underscores Nvidia’s transition from its historical focus on GPUs for gaming to becoming a leader in AI hardware.

In terms of product development, Nvidia has consistently pushed the envelope with new releases. The introduction of the GeForce RTX 40 SUPER Series GPUs in late 2023 exemplified their commitment to high-performance gaming, integrating advanced AI capabilities such as DLSS 3.5 Ray Reconstruction and NVIDIA Reflex. 

Beyond gaming, Nvidia’s professional visualization sector also saw growth, with the adoption of Omniverse, a platform for collaborative 3D content creation, and the release of the RTX 2000 Ada Generation GPU, which enhances AI and graphics performance for professional workstations.

Nvidia’s financial performance has mirrored its technological advancements. The company’s annual revenue for the fiscal year 2024 was reported at $60.9 billion, more than doubling from the previous year, driven largely by the demand for AI hardware. 

This growth has solidified Nvidia’s position as an industrial leader in AI, with strategic partnerships and deployments across various sectors including cloud computing, automotive, and healthcare. These achievements highlight Nvidia’s pivotal role in the ongoing AI revolution, positioning it at the forefront of technological innovation and market leadership.