We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Shares of the Santa Clara, California-based company are operating in a whole different stratosphere these days. On January 1, 2016, Nvidia’s stock was trading at $29.29 per share. Now, its stock sits at $117.81 per share, millimeters away from its recent all-time high. Better yet, the 3D graphics processor revolution might just be starting.
As Nvidia’s graphics chips quickly become essential in everything from artificial intelligence to self-driving cars, the company could be poised for another long and prosperous run.
So how did Nvidia climb its way towards the top of the computer chip world? Let’s take a look at some fun facts about the company and its innovative history to find out.
1: Invented an Industry
Nvidia released the world’s first graphics processing unit (GPU), the GeForce 256, in 1999. At the time, it kicked off the race for more realistic looking computer graphics. Microsoft’s (MSFT - Free Report) Windows XP was one of the first big computer lines to adopt the new GPU technology. Since then, GPUs have become a mainstay throughout the computer industry.
2: Powers the Video Gaming World
The video game industry generates $100 billion a year, which makes it one of the most profitable entertainment sectors going. Computer games are the industry’s cash cow, and Nvidia’s GeForce suite of GPUs boast 200 million gamers—the largest in the video game world.
With eSports poised to become its own billion-dollar sector, Nvidia is positioned to capitalize on an industry that craves more and more life-like graphics. Nvidia recently introduced its new GeForce GTX 1080 Ti chip, which it calls “the world's fastest gaming GPU.”
3: Virtual and Augmented Reality
Nvidia helped jumpstart the computer gaming world, shaping what it is today. According to Nvidia, VR technology will require 7 times the computing power of normal computer graphics, as well as extremely fast, millisecond response times. The company is already working on its own VR technology and is partnering with VR companies throughout the industry.
Nvidia’s Pascal GPUs, drivers, and SDKs currently provide chips to every sector, from gaming to business, currently experimenting with VR.
4: Millennials Love NVDA
Nvidia's stock has climbed by more than a 210% over the past year alone, and its current market cap sits at just over $70 billion. This massive jump has been driven by the company’s success, but also because the younger generation has gravitated towards its stock. Nvidia is currently the sixth-largest holding among millennials on the mobile-based trading app Robinhood.
5: Award Winning
In 2007, Forbes named Nvidia its “Company of the Year,” due in part to the company’s nearly decade-long run of success. At the time, shares of Nvidia had risen 2100% since its 1999 IPO and the company had increased its profits by nearly 50% year-over-year during that same time. Just under 10 years later, Yahoo Finance honored Nvidia with its company of the year award in 2016 after its stock price tripled.
6: Helping Fuel the Self-Driving Car Race
The GPU powerhouse has helped develop computer chips in cars for years. Its Tegra chips are currently used to power in-car displays, such as navigation systems, throughout the automotive industry. Last year, during the fourth quarter, Nvidia’s automotive sales grew by 68% year-over-year. Though it is still one of its smallest businesses, the company is ready to cash in on the next wave of car tech.
As the race towards self-driving vehicle technology heats up, Nvidia has become a driving force across the industry. Among several major players, Tesla Inc. (TSLA - Free Report) uses the company’s Drive PX 2 open AI platform in its self-driving car technology.
7: Artificial Intelligence Could Dictate Its Future
The company’s Pascal, DGX-1, and Drive PX 2 are currently used throughout the artificial intelligence community. Nvidia’s chips played a big part in the rise of AI. Nvidia’s Tesla accelerators were designed to improve AI datacenters. Google Cloud, IBM (IBM - Free Report) Cloud, and many more currently use its Tesla technology in their AI-fueled cloud databases.
According to Nvidia, there are over 1,500 AI startups around the world. The company is working with many companies to provide its GPU deep learning computer chips, which are a major component of the machine learning revolution. Nvidia’s Tesla GPUs help IBM’s Watson AI run 1.7 times faster.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade, which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
After Stellar Earnings, Here are 7 Fun Facts About NVIDIA (NVDA)
NVIDIA Corporation (NVDA - Free Report) posted strong first-quarter earnings on Tuesday. Since then, the 3D graphics processor maker’s stock has skyrocketed.
Shares of the Santa Clara, California-based company are operating in a whole different stratosphere these days. On January 1, 2016, Nvidia’s stock was trading at $29.29 per share. Now, its stock sits at $117.81 per share, millimeters away from its recent all-time high. Better yet, the 3D graphics processor revolution might just be starting.
As Nvidia’s graphics chips quickly become essential in everything from artificial intelligence to self-driving cars, the company could be poised for another long and prosperous run.
So how did Nvidia climb its way towards the top of the computer chip world? Let’s take a look at some fun facts about the company and its innovative history to find out.
1: Invented an Industry
Nvidia released the world’s first graphics processing unit (GPU), the GeForce 256, in 1999. At the time, it kicked off the race for more realistic looking computer graphics. Microsoft’s (MSFT - Free Report) Windows XP was one of the first big computer lines to adopt the new GPU technology. Since then, GPUs have become a mainstay throughout the computer industry.
2: Powers the Video Gaming World
The video game industry generates $100 billion a year, which makes it one of the most profitable entertainment sectors going. Computer games are the industry’s cash cow, and Nvidia’s GeForce suite of GPUs boast 200 million gamers—the largest in the video game world.
With eSports poised to become its own billion-dollar sector, Nvidia is positioned to capitalize on an industry that craves more and more life-like graphics. Nvidia recently introduced its new GeForce GTX 1080 Ti chip, which it calls “the world's fastest gaming GPU.”
3: Virtual and Augmented Reality
Nvidia helped jumpstart the computer gaming world, shaping what it is today. According to Nvidia, VR technology will require 7 times the computing power of normal computer graphics, as well as extremely fast, millisecond response times. The company is already working on its own VR technology and is partnering with VR companies throughout the industry.
Nvidia’s Pascal GPUs, drivers, and SDKs currently provide chips to every sector, from gaming to business, currently experimenting with VR.
4: Millennials Love NVDA
Nvidia's stock has climbed by more than a 210% over the past year alone, and its current market cap sits at just over $70 billion. This massive jump has been driven by the company’s success, but also because the younger generation has gravitated towards its stock. Nvidia is currently the sixth-largest holding among millennials on the mobile-based trading app Robinhood.
5: Award Winning
In 2007, Forbes named Nvidia its “Company of the Year,” due in part to the company’s nearly decade-long run of success. At the time, shares of Nvidia had risen 2100% since its 1999 IPO and the company had increased its profits by nearly 50% year-over-year during that same time. Just under 10 years later, Yahoo Finance honored Nvidia with its company of the year award in 2016 after its stock price tripled.
6: Helping Fuel the Self-Driving Car Race
The GPU powerhouse has helped develop computer chips in cars for years. Its Tegra chips are currently used to power in-car displays, such as navigation systems, throughout the automotive industry. Last year, during the fourth quarter, Nvidia’s automotive sales grew by 68% year-over-year. Though it is still one of its smallest businesses, the company is ready to cash in on the next wave of car tech.
As the race towards self-driving vehicle technology heats up, Nvidia has become a driving force across the industry. Among several major players, Tesla Inc. (TSLA - Free Report) uses the company’s Drive PX 2 open AI platform in its self-driving car technology.
7: Artificial Intelligence Could Dictate Its Future
The company’s Pascal, DGX-1, and Drive PX 2 are currently used throughout the artificial intelligence community. Nvidia’s chips played a big part in the rise of AI. Nvidia’s Tesla accelerators were designed to improve AI datacenters. Google Cloud, IBM (IBM - Free Report) Cloud, and many more currently use its Tesla technology in their AI-fueled cloud databases.
According to Nvidia, there are over 1,500 AI startups around the world. The company is working with many companies to provide its GPU deep learning computer chips, which are a major component of the machine learning revolution. Nvidia’s Tesla GPUs help IBM’s Watson AI run 1.7 times faster.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade, which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>