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How Nvidia became the cornerstone of modern computing
Yahoo Finance· 2026-03-04 15:46
Core Insights - Nvidia's name is derived from the Latin word "invidia," meaning "envy," reflecting the company's ambition to create enviable products [1] - The company has grown into a multi-trillion-dollar entity, serving major clients like Amazon, Meta Platforms, Alphabet, and Microsoft [2] - CEO Jensen Huang emphasizes that Nvidia's presence is global, stating, "We are in every cloud" [2] Company History - Nvidia was founded in 1993 by Jensen Huang, Chris Malachowski, and Curtis Priem, with the initial business plan drafted on a napkin [2] - The company faced near bankruptcy in the mid-1990s after a failed partnership with Sega, which led to a critical $5 million payment that allowed Nvidia to develop the RIVA 128 chip [5][6] - Nvidia went public on January 22, 1999, at an initial share price of $12 [6]