Since going public on the eve of the Millennium, computer chip designer Nvidia has come from nowhere to the cusp of becoming the world's biggest company. In February, Nvidia became the fastest company ever to go from a $1 trillion to a $2 trillion stock market valuation. Nvidia's chips originally set out to improve the computer graphics used by video gamers. Cuda's creation in 2006 allowed other, all-purpose applications to run on Nvidia's chips too. This near-monopoly has turned Nvidia into a massive money-making machine, fuelling potentially huge future share price rises.

Source: Daily Mail June 02, 2024 17:04 UTC