Nvidia became the first semiconductor company to exceed a $3 trillion market capitalization in June 2024.
Nvidia passed the $3 trillion valuation during trading on June 5, 2024, as demand for its artificial-intelligence accelerators drove extraordinary investor interest. Its graphics-processing units became important infrastructure for training and running large AI models.
The company was founded in 1993 and first became known for graphics chips used in computer games. It later expanded into data centers, professional visualization, automotive technology, and software platforms such as CUDA, which helps developers use its processors for general-purpose computing.
Nvidia’s ten-for-one stock split took effect in June 2024. A split lowered the individual share price without changing the company’s total market value, although strong demand and rising prices continued to influence its market-cap ranking.