NVIDIA became the third company to reach a $3 trillion market capitalization in June 2024.
NVIDIA briefly passed the $3 trillion threshold during trading on June 5, 2024, after a sustained surge in its share price. Apple and Microsoft had reached the milestone earlier. NVIDIA’s rapid rise was closely tied to demand for its graphics-processing units, or GPUs, which are widely used to train and run artificial-intelligence systems.
The company began in 1993 and became especially influential in parallel computing and data-center acceleration. Its CUDA software platform helped developers use NVIDIA hardware for workloads beyond computer graphics, including scientific computing and machine learning.
NVIDIA’s market capitalization has been unusually sensitive to expectations about AI infrastructure spending. A market-cap milestone therefore reflects investor valuation at a particular moment, not a guarantee of future profits or a measurement of physical assets.