NVIDIA Stock Price | NVDA Stock Quote, News, and History
Nvidia stock price is the cause of much conversation and is one of the most popular stocks for younger traders across the global Nvidia was founded in 1993 by now CEO Jensen Huang, as well as Chris Malachowsky and Curtis Priem. In 1995, the company brought its first product, a multimedia card, to market. The company’s first big success came a couple years later when the company sold 1 million units of its RIVE 128 processor in the first four months it was sold. A couple years after that, in 1999, the company launches its first graphics processing unit. (read more)
On January 22, 1999, the company holds its initial public offering on the Nasdaq exchange the Nvidia stock price was $12 a share. Nvidia traded under the ticker NVDA. It offered 3.5 million shares in its IPO. Just two years after going public, Nvidia was added the the S&P 500 in 2001. The company was the fastest every semiconductor company to reach $1 billion in revenue. The company continued to grow quickly from there.
Nvidia stock price hit a then all time high of over $23 in January 2002 but Nvidia stock price dropped dramatically back down to single figures in the same year.
When, in 2004, the SLI connection standard was released, Nvidia saw a huge bump in the processing power it could achieve on a single machine. It was after 2005 when Nvidia stock price started generating interest and attention but still faced peaks and troughs.
Perhaps the most consequential advance in Nvidia’s history was the 2006 launch of the company’s CUDA development platform. The platform allowed the company’s GPUs to be used for more than rendering graphics, and would eventually prove to be one of Nvidia’s biggest advantages in the explosively growing world of artificial intelligence and machine learning.
In 2007, the company achieved its first ever quarter with more than $1 billion in revenue, and was named company of the year by Forbes magazine, Nvidia stock price increased on the news. It was also awarded an Emmy award for the potential it helped unlock in the entertainment industry.
In 2015, Nvidia dove head-first into the artificial intelligence space, releasing its first “Drive” chip for autonomous driving in cars, as well as its “Jetson” chip made for embedded computing on smaller AI-powered devices.
Nvidia reaffirmed its AI prowess in its third quarter earnings report of 2016. Nvidia stock price rose about 30% after the company nearly doubled analyst earnings expectations. The company’s data center business, which is where many of its chips are bought for AI processing, brought in $240 million in revenue in the quarter.
Nvidia came into a bit of trouble after a report from Citron research at the end of 2016 said the company wasn’t actually gaining new business, just stealing market share from its rival, AMD. Nvidia stock price stock fell by about 7% after the report. Nvidia stock price quickly recovered however, and continued to march higher.
In May of 2017, Nvidia released its Volta architecture of chips, that was such a dramatic increase in computing power that Nvidia stock price shot up about 17%, or $18 in a single day.
The increase in attention placed on artificial intelligence research has provided a huge boost for Nvidia. Since the start of 2016, the company has seen a nearly 400% annual increase in Nvidia stock price. Before 2016, the company saw an annual growth rate just under 20%. Nvidia was named the “Smartest Company in 2017.”
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