Nvidia became the first company primarily known for semiconductor technology to surpass a $2 trillion market capitalization.
Nvidia crossed $2 trillion in February 2024 after a dramatic rise in demand for its graphics processors and data-center products. These chips became central to training and running artificial-intelligence systems, leading investors to expect exceptionally rapid growth in revenue and profits.
Nvidia was founded in 1993 and initially became famous for graphics processing units used in personal computers and video games. Its CUDA software platform and specialized data-center hardware later made the company a major supplier for machine-learning workloads.
The wording “primarily known for semiconductor technology” distinguishes Nvidia from diversified technology companies such as Apple and Microsoft, which reached the same valuation earlier. Nvidia’s market capitalization has been especially volatile because it depends heavily on expectations for AI infrastructure, competition, supply chains, and future chip demand.