Nvidia became the world’s most valuable public company in June 2024 after surpassing Microsoft.
Nvidia briefly took the top position on June 18, 2024, as its share price surged and its market capitalization reached about $3.34 trillion. The company’s graphics processors became crucial hardware for training and running artificial-intelligence systems.
The leadership change followed a dramatic rise in demand for Nvidia’s data-center chips and software ecosystem. Microsoft and Apple had traded the top position repeatedly as technology-company valuations moved with earnings expectations and investor sentiment.
Nvidia was founded in 1993 by Jensen Huang, Chris Malachowsky, and Curtis Priem. Its original reputation came from graphics processing units for computers and games, but AI computing transformed the market’s view of the company.