Nvidia became the first chipmaker to reach a $3 trillion market capitalization in June 2024.
Nvidia crossed the milestone on June 5, 2024, as investors continued to bid up its shares because of exceptional demand for its graphics processors and data-center systems. Its chips became central infrastructure for training and running many artificial-intelligence models.
The company began in 1993 and first became famous for graphics processing units used in computer games. GPUs later proved highly effective for parallel calculations, helping Nvidia expand from gaming into professional visualization, scientific computing, autonomous-vehicle technology, and AI data centers.
Nvidia’s rise is sometimes described as a semiconductor-manufacturing story, but Nvidia mainly designs chips and platforms. Companies such as TSMC manufacture many of its leading processors. That distinction separates a chip designer from a contract foundry.