11 Fascinating Stats about NVIDIA: From Bankruptcy to a 3 Trillion-Dollar Titan

NVIDIA, the trailblazer in computing technology, has just made history by becoming the world's most valuable company. With a staggering market cap of $3.34 trillion, it has surpassed giants like Apple and Microsoft, solidifying its position as a global leader.

NVIDIA's remarkable journey from its humble beginnings as a graphics chip manufacturer to this monumental achievement is a testament to its unwavering commitment to innovation, strategic vision, and pursuit of excellence.

Founded in 1993 by Jensen Huang, Chris Malachowsky, and Curtis Priem, NVIDIA initially focused on developing GPUs for the video game industry. However, their foresight and strategic decisions led them to capitalize on several transformative technological trends, including artificial intelligence, autonomous vehicles, and high-performance computing.

This visionary approach has propelled NVIDIA's stock price to unprecedented heights. In the last year alone, it has soared by 215%, and in the past five years, it has experienced an astounding 3,400% increase. In 2023, the company's market capitalization crossed the $1 trillion mark, and by 2024, it had reached an impressive $3 trillion.

While these numbers are undoubtedly impressive, they don't fully capture the magnitude of this historic moment.

Here are 11 fascinating statistics that put NVIDIA’s remarkable rise to the top into perspective:

Nvidia faced bankruptcy thrice.?

Founded in 1993, nearly two decades after its tech giants rivals, Microsoft and Apple, Nvidia faced a tumultuous beginning. The chip maker teetered on the brink of bankruptcy three times in its early years. Their first chip, the NV1, was a commercial failure in 1995, and plans for their second chip, the NV2, were scrapped mid-development. At one point, CEO Jensen Huang grimly admitted, "We were only 30 days from going out of business."

The value of 3%

Despite a modest base salary of $44 million compared to his counterparts at Apple and Microsoft, Jensen Huang's 3% ownership stake in Nvidia holds immense power. On any given day, the fluctuations in Nvidia's stock price can cause his net worth to soar or plummet by more than his annual compensation.

Hyang’s Rising Net? Worth

Just five years ago, Huang was worth an estimated $4 billion, ranking 546th on Forbes' World Billionaires list. However, by the start of 2024, his net worth had skyrocketed to $77 billion. Today, he stands as the 11th richest person globally, with an estimated net worth of $119 billion, having gained a staggering $4 billion in a single day.

Read the full piece on fascinating statistics on Nvidia by Ritesh Jha .