Nvidia became the first US$2 trillion company in the semiconductor industry in February 2024.
Nvidia’s market capitalization crossed US$2 trillion as investors continued to price in extraordinary demand for its data-center graphics processors and AI-computing systems. The company’s revenue growth was driven increasingly by data-center products rather than traditional gaming hardware.
The milestone made Nvidia one of the world’s most valuable public companies and marked a dramatic change in the semiconductor sector’s market leadership. Taiwan Semiconductor Manufacturing Company produces chips for many designers, but Nvidia’s valuation milestone belonged to the chip designer itself.
Market capitalization is not the same as the value of physical factories or annual sales. It represents investors’ collective valuation of the company’s outstanding shares and can change every trading day.