Jensen Huang's Initial Nvidia Pitch Dubbed 'One Of The Worst' By Former Boss, Yet Backed By Belief In 'Godfather Of GPU'
Portfolio Pulse from Rounak Jain
Nvidia Corp. CEO Jensen Huang's initial pitch to start the company was criticized as one of the worst, yet it led to funding from Sequoia Capital due to a recommendation. Nvidia, initially focusing on GPUs for gaming, has successfully pivoted to cryptocurrency mining and now AI, becoming the third most valuable listed company with a market cap of almost $2.2 trillion. Huang emphasizes the importance of one's past and relationships over pitching skills in business success.
April 30, 2024 | 2:00 pm
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Nvidia's journey from a criticized startup pitch to a leading AI chip manufacturer highlights its market resilience and innovation, with a market cap nearing $2.2 trillion.
Nvidia's successful pivot from gaming GPUs to AI computing, driven by the popularity of AI applications like OpenAI's ChatGPT, has significantly boosted its market value and positioned it as a key player in the AI revolution. This historical resilience and innovation, coupled with the current AI boom, suggest a positive short-term impact on NVDA's stock price.
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IMPORTANCE 95
RELEVANCE 100