Nvidia became the first semiconductor company to enter the US$1 trillion market-cap club in 2023.
The milestone reflected intense investor demand for Nvidia’s chips and software, especially products used to train and run artificial-intelligence systems. Nvidia’s GPUs can perform many calculations in parallel, making them useful for machine learning as well as traditional graphics workloads.
Nvidia was founded in 1993 and initially became known for graphics processors used in personal computers and video games. Over time, its hardware and CUDA software became important in scientific computing, cloud infrastructure, and AI data centers.
The term “semiconductor company” can involve different parts of the industry, including chip designers, manufacturers, and equipment suppliers. Nvidia is primarily a chip designer that relies on manufacturing partners, but it remains one of the sector’s defining public companies and a major market-cap leader.