Nvidia became the third publicly traded company to exceed a $3 trillion market capitalization in June 2024.
Nvidia passed the threshold on June 5, 2024, as investors continued to value its graphics-processing units as critical infrastructure for artificial-intelligence computing. Apple and Microsoft had already crossed the $3 trillion level, making Nvidia’s rise a major shift in the composition of the world’s most valuable companies.
Nvidia designs GPUs and related software used in data centers, gaming, professional visualization, and machine learning. Its CUDA software platform helped make its hardware especially important to developers building AI systems.
The company was founded in 1993 by Jensen Huang, Chris Malachowsky, and Curtis Priem. Nvidia’s ten-for-one stock split took effect in June 2024; a stock split changes the number and price of shares but does not mechanically change total market capitalization.