Nvidia surpassed a US$3 trillion market capitalization in 2024 amid the artificial-intelligence boom.
Nvidia crossed US$3 trillion in June 2024 as investors responded to extraordinary demand for its graphics-processing units, or GPUs. Those chips are widely used to train and run artificial-intelligence models in data centers. Nvidia’s share price had risen sharply as cloud providers and technology companies announced large AI infrastructure investments.
The company was founded in 1993 by Jensen Huang, Chris Malachowsky, and Curtis Priem. It first became known for graphics processors used in video games, but its CUDA software platform helped make Nvidia hardware useful for general-purpose parallel computing.
Nvidia is primarily a chip designer rather than a traditional manufacturer with its own large fabrication network. It relies on foundries such as Taiwan Semiconductor Manufacturing Company for production. Its market capitalization can therefore reflect expectations about future AI demand as well as current earnings.