Nvidia became the first company to reach a $3 trillion market capitalization during trading on June 5, 2024.
Nvidia’s valuation surged as investors anticipated enormous demand for its graphics processing units, which are widely used to train and run artificial-intelligence systems. Its market value briefly moved above $3 trillion before the company’s shares later fluctuated around the threshold.
Nvidia was founded in 1993 by Jensen Huang, Chris Malachowsky, and Curtis Priem. It first became known for graphics processors used in computers and video games, then expanded into data-center computing, networking, and AI software.
The milestone followed a ten-for-one stock split that took effect in June 2024. A stock split changes the number and price of shares but does not, by itself, change a company’s total market capitalization.