Nvidia became the third company to reach a $3 trillion market capitalization in 2024, after Apple and Microsoft.
Nvidia crossed the $3 trillion level in June 2024 as its share price climbed on demand for its AI-focused processors. At that point, the company briefly surpassed Apple in market value, placing it among the most valuable publicly traded companies in history.
Nvidia’s graphics processing units, or GPUs, became crucial for training and operating artificial-intelligence systems. Its CUDA software platform also helped create an ecosystem that made Nvidia hardware especially important to developers and cloud-computing providers.
Market-cap rankings can change quickly because they depend on share prices. Nvidia’s position therefore varied from day to day, and the company did not permanently hold the top spot. The milestone nevertheless marked a major shift in investor attention toward AI infrastructure.