Nvidia was named the “Smartest Company in 2017. Before 2016, the company saw an annual growth rate just under 20%. Since the start of 2016, the company has seen a nearly 400% annual increase in Nvidia stock price. The increase in attention placed on artificial intelligence research has provided a huge boost for Nvidia.

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. Nvidia stock price quickly recovered however, and continued to march higher. Nvidia stock price stock fell by about 7% after the report. 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. 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 stock price rose about 30% after the company nearly doubled analyst earnings expectations. Nvidia reaffirmed its AI prowess in its third quarter earnings report of 2016. 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. It was also awarded an Emmy award for the potential it helped unlock in the entertainment industry. 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. 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. Perhaps the most consequential advance in Nvidia’s history was the 2006 launch of the company’s CUDA development platform. It was after 2005 when Nvidia stock price started generating interest and attention but still faced peaks and troughs. 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. 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. The company continued to grow quickly from there. The company was the fastest every semiconductor company to reach $1 billion in revenue. View real-time stock prices & the companies financial overview to help with your trading & investment. Just two years after going public, Nvidia was added the the S&P 500 in 2001. It offered 3.5 million shares in its IPO. Priem in April 1993 and is headquartered in Santa Clara, CA.On January 22, 1999, the company holds its initial public offering on the Nasdaq exchange the Nvidia stock price was $12 a share. The company was founded by Jen Hsun Huang, Chris A. The All Other segment refers to the stock-based compensation expense, corporate infrastructure and support costs, acquisition-related costs, legal settlement costs, and other non-recurring charges. The Tegra Processor segment integrates an entire computer onto a single chip and incorporates GPUs and multi-core CPUs to drive supercomputing for autonomous robots, drones, and cars, as well as for consoles and mobile gaming and entertainment devices. The GPU segment consists of product brands, including GeForce for gamers, Quadro for designers, Tesla and DGX for AI data scientists and big data researchers, and GRID for cloud-based visual computing users. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software.

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