Nvidia Corporation (NASDAQ: NVDA) is an American artificial intelligence computing company that designs graphics processing units (GPUs) for the gaming markets alongside systems on a chip unit (SoCs) for mobile computing and automotive industries. Nvidia was founded in April 1993 by Jensen Huang, Curtis Priem, and Chris Malachowsky, with headquarters in California, United States.
Nvidia trades on the Nasdaq exchange under the ticker NVDA after going public on January 22, 1999
The company operates under two main segments: Graphics and Compute & Networking. The Graphics segment entails GeForce graphics processing unit (GPU), the GeForce NOW game-streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual graphics processing unit (vGPU) software for cloud-based visual and virtual computing; and automotive platforms for infotainment systems.
Elsewhere, Nvidia’s Compute & Networking branch includes Data Center platforms and systems for artificial intelligence (AI), high-performance computing (HPC), and accelerated computing; Mellanox networking and interconnect solutions; automotive AI Cockpit, autonomous driving development agreements, and autonomous vehicle solutions; and Jetson for robotics and other embedded platforms.
Nvidia main competitors
- Dell Technologies;
- Intel Corporation.
Nvidia key milestones
In February 2001, Nvidia introduced the groundbreaking GeForce3, the industry’s first programmable GPU. The GPU offered a blueprint for the rest of the industry to follow.
On March 11, 2019, Nvidia announced a deal to buy Mellanox Technologies for $6.9 billion, substantially expanding its footprint in the high-performance computing market.
In May 2020, Nvidia’s top scientists developed an open-source ventilator to address the shortage resulting from the global coronavirus pandemic.
FAQs about Nvidia
Does Nvidia stock pay dividends?
Yes, Nvidia pays dividends per quarter.
Has Nvidia stock ever split?
Since going public, Nvidia stock has split twice.
Why was Nvidia sued in 2008?
In 2008, Nvidia was subjected to a class-action lawsuit over the defects, claiming that the faulty GPUs had been incorporated into certain laptop models manufactured by Apple Inc., Dell, and HP. However, Nvidia reached a settlement, in which it would reimburse owners of the affected laptops for repairs or, in some cases, replacement.
What is the partnership between Nvidia and Intel?
On January 10, 2011, Nvidia signed a six-year, $1.5 billion cross-licensing deal with its rival Intel. The deal officially ended all litigation between the two companies.