Nvidia became the first semiconductor maker valued above $1 trillion in May 2023.
Nvidia’s market capitalization passed $1 trillion during trading on May 30, 2023, as investors reacted to surging demand for its graphics processors and data-center hardware. The company’s chips became especially important for training and running artificial-intelligence systems.
Nvidia was founded in 1993 by Jensen Huang, Chris Malachowsky, and Curtis Priem. It began with a focus on graphics processing units for computer games, but its CUDA software platform helped make its hardware useful for scientific computing and machine learning.
Nvidia’s milestone is sometimes confused with the $1 trillion achievements of Apple, Amazon, Alphabet, and Microsoft, which are customers or technology peers rather than semiconductor specialists. The company’s valuation later fluctuated because market capitalization follows the share price and can change every trading day.