NVIDIA became the first publicly traded company to reach a $2 trillion market capitalization in 2024 through an artificial-intelligence chip boom.
NVIDIA crossed $2 trillion in February 2024 after reporting powerful results and issuing an optimistic outlook tied to demand for its data-center processors. Its market value rose rapidly as cloud providers and AI developers sought advanced chips for training and running large models.
The company began in 1993 as a graphics-chip designer and later expanded into data-center computing, networking and software. Its CUDA platform helped developers use NVIDIA graphics processors for general-purpose parallel computing, strengthening the company’s role in modern AI infrastructure.
NVIDIA’s valuation milestone came shortly after it passed $1 trillion in 2023. It later moved through additional round-number market-cap records, but those crossings reflect changing share prices rather than a fixed measure of physical assets.