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International Business Times UK
International Business Times UK
Niloy Chakrabarti

Nvidia's Meteoric Rise Drove Shares of These Three Suppliers Over 30% Year-to-date

Chipmakers are unable to keep up with rising demand for AI chipsets. (Credit: Stas Knop/Pexels.com)

Nvidia is one of the world's biggest companies, with a market capitalisation of $3.11 trillion. The Nvidia stock returned a phenomenal 282,884% in total returns since its 1999 IPO or 36.8% in average annual returns over the last 25 years.

The chipmaker's massive leap into powering AI engines and growing demand for graphics processing units (GPU) that power crypto mining rigs buoyed its stock price to record levels above $1,000 before the recent 10:1 stock split. Nvidia is trading at $122.81 on June 24.

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