13 Nov 2026
Nvidia under Jensen Huang: 33 years in charts
Jensen Huang resigned as Nvidia's chief executive on 11 Nov 2026, 33 years after he co-founded it. Nvidia was worth $343 million when it listed in 1999 and $4.0 trillion on 12 Nov 2026. An overview from its SEC filings.
1999 to 2026
- Market value
- $4.0T
- $343M at the IPO price. The record is $5.8T, on 6 Oct 2026
- Revenue, last fiscal year
- $216B
- $158M in the year to January 1999. $303B in the last four quarters
- Employees
- 42,000
- 248 in January 1999
- $1,000 at the first day's close
- $4.4 million
- $10,235 in the S&P 500. Both with dividends reinvested
24 events in 33 years
Product and company milestones, deals, setbacks and market value steps. Hover or tap a marker, or open the table.
1993 to 2026
| Date | Event |
|---|---|
| 11 Nov 2026 | Huang resigns The board accepts his resignation as president, chief executive and director. Colette Kress, the finance chief, becomes interim chief executive. |
| 2 Sep 2026 | Agrees to buy Hugging Face for about $11.9 billion Expected to close in the first half of 2027. |
| 17 Aug 2026 | Backs the leases on an OpenAI data centre campus It promises the landlord up to $105 billion if OpenAI defaults and the Ohio site cannot be re-let for enough. OpenAI must repay Nvidia. |
| 18 Jun 2026 | Borrows $25 billion Seven series of notes, due 2028 to 2056. |
| 29 Oct 2025 | Worth $5 trillion The first close above it. |
| 9 Apr 2025 | US requires a licence for the H20 chip Sales to China need one. Nvidia expects up to $5.5 billion of charges. |
| 13 Jun 2023 | Worth $1 trillion The first close above it. |
| 29 Jan 2023 | Data centre sales pass gaming $15.0 billion against $9.1 billion in the year to January 2023, the first year data centres are the largest market. |
| 26 Aug 2022 | US requires a licence to sell top AI chips to China Covers the A100 and H100. About $400 million of quarterly sales at risk. |
| 8 Feb 2022 | Arm deal abandoned Regulators opposed it. Nvidia writes off $1.36 billion. |
| 13 Sep 2020 | Agrees to buy Arm for $40 billion From SoftBank, in cash and Nvidia shares. |
| 27 Apr 2020 | Completes the purchase of Mellanox It pays about $7 billion for the networking business. |
| July 2017 | Worth $100 billion The first close above it. |
| 10 Jan 2011 | Intel agrees to pay $1.5 billion for a patent licence In six yearly instalments, ending a dispute between the two. |
| July 2008 | $196 million charge for failing notebook chips Two months later Nvidia cut about 360 jobs, 6.5% of its staff. |
| 16 Mar 2007 | CUDA appears in the annual report Software that lets programmers run general computing on graphics chips. |
| 29 Apr 2002 | Restates its accounts after questions from SEC staff Fiscal 2000, 2001 and the first three quarters of 2002. |
| December 2001 | Worth $10 billion The first close above it. |
| 18 Apr 2001 | Buys the assets of rival 3dfx About $70 million in cash. |
| 5 Mar 2000 | Microsoft picks Nvidia for the Xbox Microsoft pays $200 million in advance for graphics chips. |
| November 1999 | Worth $1 billion The first close above it. |
| August 1999 | GeForce 256 ships Nvidia calls it the world's first GPU. |
| 22 Jan 1999 | Shares start trading on Nasdaq 3.5 million shares sold at $12, raising $42 million. |
| 5 Apr 1993 | Nvidia is founded By Jensen Huang, Chris Malachowsky and Curtis Priem. Huang is president and chief executive from the first day. |
24 years to reach $1 trillion, 2.4 years more to reach $5 trillion
Nvidia's market value each week, from the first day's close. The scale is logarithmic, so every gridline is ten times the one below.
22 Jan 1999 to 12 Nov 2026
| Market value first reached | Date | After the IPO |
|---|---|---|
| $1 billion | November 1999 | 10 months |
| $10 billion | December 2001 | 2.9 years |
| $100 billion | July 2017 | 18.5 years |
| $1 trillion | 13 Jun 2023 | 24.4 years |
| $2 trillion | 1 Mar 2024 | 25.1 years |
| $3 trillion | 5 Jun 2024 | 25.4 years |
| $4 trillion | 10 Jul 2025 | 26.5 years |
| $5 trillion | 29 Oct 2025 | 26.8 years |
Revenue and net income each fiscal year
Revenue fell in five of the 28 years, fiscal 2004, 2009, 2010, 2014 and 2020. Nvidia lost money in fiscal 2009 and 2010.
Fiscal years ending January 1999 to January 2026
| Year to January | Revenue | Change | Net income |
|---|---|---|---|
| 2026 | $216B | +65% | $120B |
| 2025 | $130B | +114% | $72.9B |
| 2024 | $60.9B | +126% | $29.8B |
| 2023 | $27.0B | +0% | $4.4B |
| 2022 | $26.9B | +61% | $9.8B |
| 2021 | $16.7B | +53% | $4.3B |
| 2020 | $10.9B | −7% | $2.8B |
| 2019 | $11.7B | +21% | $4.1B |
| 2018 | $9.7B | +41% | $3.0B |
| 2017 | $6.9B | +38% | $1.7B |
| 2016 | $5.0B | +7% | $614M |
| 2015 | $4.7B | +13% | $631M |
| 2014 | $4.1B | −4% | $440M |
| 2013 | $4.3B | +7% | $563M |
| 2012 | $4.0B | +13% | $581M |
| 2011 | $3.5B | +7% | $253M |
| 2010 | $3.3B | −3% | −$68M |
| 2009 | $3.4B | −16% | −$30M |
| 2008 | $4.1B | +34% | $798M |
| 2007 | $3.1B | +29% | $449M |
| 2006 | $2.4B | +18% | $301M |
| 2005 | $2.0B | +10% | $89M |
| 2004 | $1.8B | −5% | $49M |
| 2003 | $1.9B | +39% | $91M |
| 2002 | $1.4B | +86% | $177M |
| 2001 | $735M | +96% | $98M |
| 2000 | $375M | +137% | $41M |
| 1999 | $158M | - | $4M |
The shares lost more than half their value seven times
Each fall from a record close to the low before the next record. Four of the seven came between March 2000 and October 2002. After the 2007 record the next one took 8.6 years.
22 Jan 1999 to 12 Nov 2026
| Record close | Low | Fall |
|---|---|---|
| 13 Mar 2000 | 14 Apr 2000 | −54% |
| 21 Jun 2000 | 21 Dec 2000 | −68% |
| 7 Jun 2001 | 2 Oct 2001 | −52% |
| 3 Jan 2002 | 9 Oct 2002 | −90% |
| 17 Oct 2007 | 20 Nov 2008 | −85% |
| 1 Oct 2018 | 24 Dec 2018 | −56% |
| 29 Nov 2021 | 14 Oct 2022 | −66% |
| 6 Oct 2026 | 12 Nov 2026 | −31% |
Huang owned 10.8% of Nvidia at the IPO and 3.6% in 2026
He held 41% fewer shares in March 2026 than at the IPO, after splits. Those 871 million shares are worth $145 billion at the close of 12 Nov 2026.
1999 to 2026
| As of | Share of Nvidia | Value at the time |
|---|---|---|
| 22 Jan 1999 | 10.80% | $37.2 million |
| 15 Jun 2004 | 7.10% | $246 million |
| 15 Feb 2009 | 5.10% | $230 million |
| 26 Jan 2014 | 4.20% | $372 million |
| 27 Jan 2019 | 3.87% | $3.8 billion |
| 3 Apr 2023 | 3.51% | $24.3 billion |
| 23 Mar 2026 | 3.58% | $153 billion |
About the data
- Revenue, profit, employees, share counts, Huang's holdings and the timeline are from Nvidia's filings with the SEC. Share prices are from Yahoo Finance. Nvidia's page has its latest figures.
- Nvidia told the SEC that its board accepted Jensen Huang's resignation as president, chief executive and director on 11 Nov 2026. The filing gives no reason. Colette Kress, the finance chief, is interim chief executive.
- On 8 Nov 2026 Nvidia published a message from Huang to employees. In it he apologised for his personal conduct and said the board had opened an independent investigation into national security concerns raised in news reports. Nvidia has not said whether the resignation is connected to either, and this page does not say so.
- These charts show what happened at Nvidia while Huang led it. They cannot show how much of it was his doing.
- Market value is the closing share price times the shares outstanding on the cover of the latest quarterly or annual report, annual reports only before 2009. Prices and share counts are adjusted for Nvidia's six stock splits, 480 of today's shares for one at the IPO. Below $1 trillion, the day a value was first reached depends on which share count is the latest, so the table gives the month.
- The IPO value is the 28,595,976 shares outstanding after the offering at the $12 offer price. The shares closed 64% higher on the first day, which is where the chart and the $1,000 start. The S&P 500 figure is its total return index from the same day.
- Fiscal years end in late January, so fiscal 2026 is mostly calendar 2025. The last four quarters run to 26 Jul 2026. Nvidia reports the next quarter on 17 November 2026.
- Figures for fiscal 2000 to 2008 are as Nvidia reported them in its annual reports for fiscal 2003 and 2008, after its restatements.
- A fall is counted from a record close to the lowest close before the next record. The fall since 6 Oct 2026 is shown for scale and is not one of the seven. The shares were already below that record before the events of November.
- Huang's holdings are what the prospectus and proxy statements call beneficial ownership. They include shares in family trusts, options he could exercise within 60 days and, in 2026, 59 million shares held by his foundation. The latest count is from March 2026. His share of the company fell both because he sold or gave away shares and because Nvidia issued new ones.
- The timeline is a selection. It leaves out most product launches and all quarterly results.
- How we collect and check the data behind Company Tracker: About.