The Ledger
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Rosenthal: 2018 Crypto Mining Bust Caused NVIDIA Revenue to Decline
“And then when the crypto winter hit in 2018 and the end of the ICO craze and all that, the mining rig demand It fell off and this had become so big for Nvidia that their revenue actually declined.”
Nvidia's gross margin expanded from 29% in 2004 to 66% in 2022
“They sell their GPUs at a 66% gross margin. Hardware business with a 66% gross margin. Back in 2004, that gross margin was only 29% that they were able to command as a premium on their cards.”
Gilbert: Nvidia was the fastest semiconductor company to reach $1B revenue
“Which makes them the fastest semiconductor ever to reach a billion in revenue and gets them added to the S&P 500.”
Rosenthal: Nvidia sold 1 million Riva 128 units within four months
“They sell one million units of the Riva one 28 within four months.”
Nvidia IPO'd at a $600M Valuation in 1999
“They go public in beginning in 1999 at a six hundred million dollar market cap. So a hundred X return from the six million dollar post money valuation on the Sequoia and Sutter Hill round”
Rosenthal: Nvidia spent $1M on emulation hardware during its cash crunch
“They had to spend a million dollars just to get the emulator, you know, hardware and software to do this.”
Rosenthal: Nvidia doubled hardware performance every six months starting in 1997
“NVIDIA is now on a cycle starting in 1997, 1998. Where they are doubling the performance that they are delivering at a given price point to the market every six months.”
Rosenthal: Nvidia and TSMC signed a multi-year foundry partnership that remains today
“The next year, the two companies sign a huge multi-year deal for TSMC to become the primary foundry for NVIDIA and still are today.”
Rosenthal: Nvidia raised about $20M in total venture capital before going public
“They did raise some more money in between that initial two million and going public. I think they raised twenty million in total, but like there wasn't a lot of window and I think it was Sequoia and Sutter Hill that put that capital in for the rest of that twe…”
Gilbert: Nvidia commands 83% market share in standalone desktop/laptop GPUs
“When Nvidia began in 1993, it made computer graphics chips in a brutally competitive and low-margin market. There were 90 undifferentiated competitors all doing basically the same thing at the same time, and yet today, they have an 83% market share of standalo…”
Rosenthal: Nvidia secured early contract powering Sega arcade and console graphics
“They land a big deal with Sega to power their arcade consoles and their next generation home console to be the three D graphics engine and would ultimately become the Sega Saturn.”