NVIDIA became the first listed company to surpass a $4 trillion market capitalization during 2025.
NVIDIA’s valuation rose dramatically as investors sought exposure to the infrastructure behind generative artificial intelligence. Its graphics-processing units are widely used for training and running large machine-learning models, while its CUDA software platform helps developers program NVIDIA hardware.
The company’s rise followed decades of work in graphics processors for personal computers and games. It expanded into data centers, automotive computing, professional visualization, and accelerated computing. Demand from cloud providers and AI developers became especially important in the 2020s.
Market-cap milestones are time-sensitive: a company can cross a round-number valuation during trading and fall below it later. The exact ranking can therefore change with share prices, exchange rates, and the performance of other large companies.