Nvidia became the first company to exceed $3 trillion in market value during a trading session in 2024.
Nvidia passed the threshold on June 5, 2024, as its shares surged after years of exceptional demand for graphics processors used in artificial intelligence and data centers. The company’s market value briefly moved above Apple’s before later fluctuating with the share price.
Nvidia was founded in 1993 and originally became known for graphics processing units used in personal computers and video games. Those same kinds of parallel-processing chips later became central to training and running many artificial-intelligence systems.
The company’s rise shows how market capitalization can reflect expectations about future growth as well as current earnings. Nvidia’s ten-for-one stock split took effect in June 2024, changing the price per share but not, by itself, changing the company’s total market value.