Nvidia became the second publicly traded company to reach a $3 trillion market capitalization in 2024, after Apple.
Nvidia crossed $3 trillion on June 5, 2024, as investors continued to purchase shares linked to the company’s leadership in artificial-intelligence computing. Its graphics processing units, or GPUs, became crucial hardware for training and running large AI models.
Nvidia began as a graphics-chip company associated with computer gaming, but its CUDA software platform and data-center products expanded its importance in scientific computing and AI. The company’s rapid market-value growth reflected expectations for continuing demand from cloud providers and technology companies.
The wording matters: Apple was first to reach $3 trillion, and Microsoft also reached that level before Nvidia. Nvidia’s distinction was becoming the next major company to cross the threshold during the 2024 AI investment boom.