What is beyond doubt is how spectacular its development is.
Eight years ago, the stock was worth less than 1% of its current price.
At the time, Nvidia’s value came from its competition with rival AMD, in a race to make the best graphics cards.
In recent years, however, it has benefited from a boom in demand for chips that train and run generative AI models, the best known of which is OpenAI’s ChatGPT.
The company also benefited greatly from the Bitcoin mining rush in 2020, which saw a surge in sales of its graphics cards.
The tech giant’s rise has been reflected in the growing notoriety of its boss, Jensen Huang.
Meta boss Mark Zuckerberg even referred to the 61-year-old electrical engineer – known for his iconic leather jacket – as the “Taylor Swift of technology” due to the celebrity status he has achieved.
He rose to fame in part thanks to his popularity in his native Taiwan, where his fans treat him like a rock star – posing for photos and even asking him to sign parts of his body.
