Nvidia became the fastest company to reach a $3 trillion market capitalization in 2024.
Nvidia crossed the $3 trillion threshold in June 2024 after a dramatic rise in demand for its graphics processing units, or GPUs. These chips are widely used to train and run artificial-intelligence systems. Nvidia’s CUDA software platform and its data-center hardware helped make it a central supplier in the generative-AI boom.
Nvidia was founded in 1993 by Jensen Huang, Chris Malachowsky, and Curtis Priem. It began with a focus on graphics for personal computers and video games before expanding into professional visualization, automotive computing, and data centers. Market-cap records are time-sensitive: the company’s ranking and exact value can change with daily trading, while the $3 trillion milestone refers to the value reached during 2024.