Everyone is lagging behind in terms of earning in front of them
US AI chip maker Nvidia (Nvidia) It is currently in the news because this company has left behind companies like Apple, Facebook, Microsoft. This company has won the title of the world’s most valuable company. On Tuesday, the company’s shares jumped by 3.5 percent. The company’s market cap has reached 3.34 trillion dollars i.e. Rs 27,86,69,56,00,000 in Indian currency. Nvidia’s shares jumped 174 percent. This stock has increased by 239 percent in one year.
Who is Jenson Huang?
Nvidia was founded by Jensen Huang. He was born in Taiwan in 1963. His childhood was spent in Taiwan and Thailand. In 1973, his parents sent him to their relatives in the US. In 1984, he joined the University of Oregon for education. From here, he graduated in electrical engineering. After receiving a scholarship, he earned a master’s degree from Stanford University in 1992. After studying there, he started Nvidia in April 1993. The company used to make video games and graphics chips. When the company reached the $100 mark, Jensen got the company’s logo tattooed on his wrist. He had a 3.5 percent stake in Nvidia.
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Sometimes I worked as a waiter and sometimes I cleaned toilets
Before starting Nvidia, Jensen Huang worked as a waiter. He had to do many jobs to meet the expenses. To pay for his education, he had to work as a waiter at Denny’s restaurant for a few months. Sometimes he had to clean the toilet and sometimes he had to wash other people’s clothes. In an interview with Stanford Graduate School of Business, he said that no work is small. He said that to meet his financial needs, sometimes he washes dishes and sometimes cleans the kitchen. He told that he used to wash other people’s clothes.
Why the boom?
Big companies like Microsoft and Google are buying the most chips from Nvidia. The purchase of chips from the company has also increased significantly in Saudi Arabia and UAE. Chinese companies, Tencent and Alibaba are also at Nvidia’s doorstep. With the growing popularity of chatbots and AI in the world, companies are queuing up for chips.
