Nvidia became the first publicly traded semiconductor maker worth $3 trillion.
Nvidia reached the milestone in June 2024 as investors responded to extraordinary demand for its graphics-processing units and data-center systems. These chips became central to training and running large artificial-intelligence models.
Nvidia began as a graphics-chip designer for personal computers and video games. Its CUDA software platform later helped developers use Nvidia hardware for general-purpose parallel computing, giving the company an important position in modern AI infrastructure.
A semiconductor maker’s market capitalization reflects the value investors assign to the whole business, including hardware, software, expected growth, and competitive risks. Nvidia’s achievement was distinct from being the world’s largest chip manufacturer by physical production; it designs many products while outside foundries manufacture them.