Nvidia’s 591,078% Rally to Most Valuable Stock Came in Waves
- Company topped Microsoft in market cap after historic run
- Computer gaming and data centers paved the way for AI success
The year was 1999. Steve Jobs had recently returned to lead Apple. Intel was the dominant force in semiconductors. And a little-known chipmaker named Nvidia made its debut on the Nasdaq stock exchange.
It took less than three years for Nvidia Corp. to ascend into the S&P 500 — replacing the disgraced oil-trading conglomerate Enron, no less.