Nvidia dethrones Microsoft, Apple

Nvidia stock has hit record highs driven by investor frenzy over its artificial intelligence chips. Its explosive share price growth has made it the world’s most valuable publicly traded company


1993: Silicon Valley-based Nvidia co-founded by Taiwanese-born Jensen Huang (right). Builds graphics cards for video gamers

Mar 1998: Forms strategic partnership with Taiwan Semiconductor Manufacturing Company (TSMC)

Aug 1999: Launches GeForce 256, industry’s first GPU (graphics processing unit)

Mar 2000: Microsoft’s gaming console, X-Box, chooses Nvidia as graphics processor

May 2001: Added to Nasdaq-100 Stock Market Index

Feb 2002: Ships 100 million processors, introduces industry’s most comprehensive family of GPUs

2022: Market valuation hits $300 billion

Mar 1, 2024: Market valuation soars beyond $2 trillion, behind tech rivals Microsoft and Apple

Jun 18: Nvidia now has market valuation of $3.335 trillion, compared to Microsoft at $3.317 trillion and Apple at $3.286 trillion


Nvidia share price (US$)

Jul 22, 2022: 17.32
Dec 2: 16.88
May 19, 2023: 31.26
Oct 6: 45.76
Mar 25, 2024: 95.00 

Apr 19: $76.20
Share price falls by 19.8%, wiping $200bn off market value

Jun 18: 135.58

2022 2023 2024  
         

Sources: Financial Times, Nasdaq, Nvidia, Reuters 
Picture: Getty Images 
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