Nvidia became the first chipmaker to exceed a $3 trillion market capitalization in 2024.
Nvidia crossed $3 trillion in June 2024 as investors continued to bid up its shares because of intense demand for its graphics-processing units. These chips are widely used in artificial-intelligence data centers and advanced computing systems.
The company began in 1993 and became especially well known for graphics processors used in personal computers and gaming. Its CUDA software platform also helped make Nvidia hardware important for developers building machine-learning applications.
Nvidia’s valuation surge did not mean that it had the largest revenue among all technology companies. Market capitalization reflects investors’ expectations about future earnings and growth, and it can change rapidly when share prices move.