Nvidia became the first semiconductor company to reach a $3 trillion market value in June 2024.
Nvidia passed the milestone on June 5, 2024, as demand for its graphics processors and data-center systems surged. Its chips became central to the training and operation of generative artificial-intelligence systems, making Nvidia one of the most closely watched companies in global markets.
The company’s market capitalization rose as revenue and earnings from data-center products expanded rapidly. Nvidia also completed a ten-for-one stock split in June 2024. A stock split increases the number of shares and reduces the price of each share proportionally; it does not, by itself, change the company’s total market value.
Nvidia was founded in 1993 and became known for graphics-processing units used in games. Its technology later expanded into scientific computing, machine learning, automotive systems, and cloud infrastructure. The $3 trillion milestone was a market-value measurement, not a claim that Nvidia held $3 trillion in cash or had generated that amount in sales.