In 1997, with about six months of cash left, Nvidia ordered mass production of the RIVA 128 graphics chip, which had never existed physically and had been tested only in an emulator. To get that tool, the company bought the inventory of a struggling emulator seller with about half of its remaining cash, and it laid off more than half its staff, cutting headcount from about 100 to 40, while receiving a $5 million investment from Sega. The chip shipped in August 1997 supporting only eight of Microsoft DirectX's 32 blend modes, and sold roughly a million units in its first four months, paving the way for the 1999 IPO. Nvidia was worth about $1.1 trillion when the Acquired podcast was recorded in 2023 and is now around $5.3 trillion. The stock has risen about 880% over five years, versus about 70% for the S&P 500, but shares slipped slightly after an 85% year-over-year revenue jump in its fiscal first-quarter 2027 earnings.
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NvidiasemiconductorsJensen HuangIPO
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NVDA
▲ Likely positiveNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/27/2026 | 217.88 |
| Change that session | +0.87% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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