Nvidia became the first company to reach a $3 trillion market capitalization in June 2024, after a rapid AI-driven rise.
Nvidia crossed $3 trillion on June 5, 2024, as demand for its graphics processors and data-center systems surged. Its chips became foundational hardware for training and running many artificial-intelligence models, making the company one of the most valuable publicly traded businesses in the world.
Nvidia began in 1993 and first became famous for graphics processing units used in computer games. GPUs later proved highly effective for parallel computing, including machine learning. That technological shift transformed Nvidia from a specialist graphics-chip company into a major provider of AI infrastructure.
The company completed a ten-for-one stock split in June 2024. A split changes the number of shares and the per-share price, but it does not by itself change market capitalization. Investors instead revalue the company according to expected earnings and growth.