The company increased its stock share prices by 170% in 2024, multiplying ninefold since 2022, attributed to generative AI emergence, with a market cap surpassing Microsoft and Apple.
Nvidia holds 80% market share in AI chips for data centers, essential for major tech companies like OpenAI, Microsoft, Alphabet, Amazon, and Meta, with data center revenue rising 427% YoY.
Nvidia shifted focus from graphics cards and gaming to AI, achieving huge success, making CEO Jensen Huang the 11th wealthiest globally with a net worth of $117 billion.
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