Nvidia became the world’s most valuable listed company in June 2024 after a surge in artificial-intelligence demand.
Nvidia briefly overtook Microsoft and Apple on June 18, 2024, when its market capitalization reached about $3.34 trillion. The company’s graphics-processing units became central to training and running large artificial-intelligence systems. Demand from major cloud providers and AI developers drove rapid sales growth and a sharp rise in Nvidia’s share price.
Nvidia was founded in 1993 and initially became known for graphics processors used in computer games. Its CUDA software platform later helped make its hardware useful for scientific computing and machine learning. The company’s market-cap ranking changed repeatedly as technology shares moved, so this was a dated milestone rather than a permanent title. Nvidia also completed a ten-for-one stock split in June 2024.