Nvidia’s 2024 market value briefly surpassed $3 trillion.
Nvidia crossed the $3 trillion threshold in June 2024 as investors continued to price its graphics processors and data-center systems as essential infrastructure for generative artificial intelligence. Its shares had risen sharply because major technology companies were buying large quantities of Nvidia’s accelerators for AI training and inference.
The company was founded in 1993 by Jensen Huang, Chris Malachowsky, and Curtis Priem. It became especially known for graphics processing units, or GPUs, which were first developed for computer graphics and gaming but later became powerful tools for parallel computing.
A market-cap milestone can be temporary because it depends on a company’s share price at a particular moment. Nvidia’s position among the world’s most valuable companies changed repeatedly during 2024 as its stock, Microsoft’s stock, and Apple’s stock moved.