Nvidia became the first semiconductor company to reach a $2 trillion market capitalization.
Nvidia crossed the $2 trillion level in February 2024 as demand for its artificial-intelligence accelerators drove a dramatic increase in revenue expectations and share price. Its graphics-processing units became central components in data centers used to train and run large AI models.
The company was founded in 1993 by Jensen Huang, Chris Malachowsky, and Curtis Priem. It began by focusing on graphics chips for computers and later developed the CUDA software platform, which helped make its hardware useful for scientific computing and machine-learning workloads.
Nvidia’s achievement is distinct from broader records held by other companies. It was the first semiconductor company at $2 trillion, while companies such as Apple and Microsoft had already exceeded that valuation. TSMC manufactures chips but is a foundry rather than the designer associated with this milestone.