TechPression

Tag: GPUs

  • How NVIDIA surpassed Apple, Microsoft to become the world’s most valuable company at $3.34 trillion 

    How NVIDIA surpassed Apple, Microsoft to become the world’s most valuable company at $3.34 trillion 

    In 2024, NVIDIA surpassed tech giants like Apple and Microsoft, achieving a market valuation of $3.34 trillion. This historic feat highlights NVIDIA’s dominance in the tech space, driven by its revolutionary GPUs and strategic focus on artificial intelligence (AI).

    NVIDIA’s journey began in 1993 when Jensen Huang and his co-founders conceptualised the company at a Denny’s diner. The company’s name, inspired by the Latin Invidia, meaning envy, reflects its ambition to create groundbreaking technology that sets the standard for innovation.

    Read also: Nvidia stock: buy, hold, or sell?

    How NVIDIA’s GPUs revolutionised gaming and computing

    The launch of the GeForce 256 in 1999 introduced the world to the first GPU, transforming gaming and enabling parallel processing for complex tasks. This innovation revolutionised gaming and paved the way for video editing, financial modelling, and more advancements.

    In 2006, NVIDIA released CUDA, a software platform that unlocks GPUs’ full potential for non-graphics tasks. CUDA became the backbone of AI development, making NVIDIA the go-to choice for companies building and training AI models.

    NVIDIA’s GPUs are at the heart of AI advancements, powering Tesla’s autonomous vehicles, Amazon Web Services, and OpenAI’s AI tools. NVIDIA’s technology drives innovation in diverse sectors, from healthcare to cloud computing.

    Read also: Harnessing next-generation AI with Nvidia Blackwell

    The strategic stock split that made NVIDIA shares more accessible

    In 2024, NVIDIA executed a 10:1 stock split, making its shares affordable for investors during the AI boom. This move attracted new investors and solidified NVIDIA’s position as a market leader in the AI-driven tech revolution.

    As AI adoption continues to grow, NVIDIA remains central to the digital transformation of industries. From AI-powered simulations to digital twins in healthcare, NVIDIA’s GPUs drive the next wave of technological innovation.

  • Nvidia stock: buy, hold, or sell?

    Nvidia stock: buy, hold, or sell?

    Nvidia Corporation, founded in 1993, is a pioneer in the tech industry. It specialises in graphics processing units (GPUs) that power high-performance computing. Initially recognised for revolutionising the gaming industry with its powerful GPUs, Nvidia has expanded its reach into various sectors, including artificial intelligence (AI), machine learning, data centres, and autonomous vehicles. 

    The company’s GPUs are renowned for their high performance and efficiency, making them a preferred choice for gaming enthusiasts and professionals requiring robust computing solutions.

    Read also: Nvidia acquires Run:ai, a startup specialising in workload management

    Nvidia’s recent performance

    Rising remarkably to become the most valuable corporation in the world, Nvidia’s stock now beats Apple and Microsoft. Nvidia’s stock has surged 181% this year alone; during the past 12 months, it has increased 209%; over the past five years, it has grown shockingly 3,474%. These outstanding numbers underline how strongly Nvidia dominates the market and contributes to technical advancement.

    Despite its significant growth, investing in Nvidia can be approached in several ways. One strategy is to buy an S&P 500 ETF, which includes Nvidia among the top 500 companies in the U.S., providing a diversified investment option.

    Another approach is to invest in a semiconductor ETF, which comprises Nvidia and other leading companies in the semiconductor industry, spreading the risk across the sector.

    Dollar-cost averaging can be an effective strategy for mitigating market volatility. This involves investing a fixed amount of money at regular intervals, which can help smooth out the effects of market fluctuations over time.

    For investors confident in Nvidia’s future growth, purchasing the stock directly can also be a viable option, allowing them to benefit directly from any potential appreciation in Nvidia’s stock price.

    Read also: The ASUS ROG Zephyrus G14 (2024) leads in innovation

    How Nigerians can benefit from Nvidia through Bamboo

    Nigerian investors can take advantage of Nvidia’s growth potential through Bamboo, an investment platform that provides access to international stocks. By investing in Nvidia on Bamboo, Nigerians can diversify their investment portfolios and potentially achieve significant returns from one of the leading tech companies globally.

    This access to international markets allows Nigerian investors to participate in the global tech boom, leveraging Nvidia’s advancements in AI, machine learning, and high-performance computing.

    Investing in Nvidia through Bamboo also benefits Nigerian investors from the company’s continuous innovation and market leadership. As Nvidia continues to expand its influence across various sectors, investors can potentially see substantial returns on their investments.

    Nvidia’s exceptional performance and future potential make it a compelling investment opportunity. However, investors must carefully consider their risk tolerance and investment strategies. Nigerian investors, in particular, can benefit from using platforms like Bamboo to access and invest in Nvidia stock, thus participating in the global growth of one of the most influential tech companies.