Nvidia became the first publicly traded semiconductor firm to surpass US$2 trillion in market value in February 2024.
Nvidia crossed the US$2 trillion threshold during trading on 23 February 2024, after reporting explosive growth in revenue from data-center products. Its GPUs became central to the computing systems used to train and run generative-artificial-intelligence models.
Nvidia’s rise illustrates how market capitalization reflects expected future earnings as well as present results. Investors valued its software ecosystem, specialized networking products, and position in AI computing alongside its chip designs.
Nvidia does not operate the major foundries that fabricate most of its processors. Instead, it is described as a fabless semiconductor company. TSMC, the Taiwanese foundry, manufactures many of Nvidia’s leading chips and is a separate listed company.