Nvidia became the first semiconductor company to surpass a $3 trillion market capitalization in 2024.
Nvidia passed the $3 trillion mark in June 2024 as investors responded to extraordinary demand for its graphics-processing units and data-center systems. Its stock had risen sharply because its hardware is widely used to train and run artificial-intelligence models.
Nvidia began as a graphics-chip company serving computer games, but its programmable GPUs later became important in scientific computing, cloud services, and machine learning. That expansion changed how investors valued the business.
The milestone is sometimes described as an artificial-intelligence achievement, but Nvidia does not operate mainly as a chatbot company. It designs chips and related software, while other firms manufacture many of the physical components. Market-cap rankings can shift quickly, so the exact order among Nvidia, Apple, and Microsoft depends on the date and trading session.