Nvidia became the first semiconductor maker to reach a $2 trillion market capitalization in February 2024.
Nvidia crossed the threshold on February 23, 2024, after a sharp rise in demand for its graphics processors and data-center products. Its chips became central to the infrastructure used to train and run artificial-intelligence systems, helping drive major increases in revenue and investor expectations.
The company had already passed $1 trillion in 2023. Its market value then rose rapidly, although daily rankings and exact milestones can change with stock-price movements. Nvidia designs chips and platforms, while manufacturing is largely carried out by contract foundries such as TSMC.
This distinction matters because Nvidia is often described as a chipmaker, but it is primarily a semiconductor design and computing-platform company rather than a traditional manufacturing foundry.