Nvidia became the world’s most valuable publicly traded company in June 2024 after its shares surged on AI demand.
Nvidia briefly took the top position on June 18, 2024, as investors valued the company at more than $3 trillion. Its graphics-processing units became central hardware for training and running many artificial-intelligence systems.
The company’s rise was also connected to its CUDA software platform, which gives developers tools for using Nvidia chips in accelerated computing. Strong earnings and revenue growth reinforced the market’s enthusiasm.
Nvidia’s lead changed as share prices moved, so the title was temporary rather than permanent. Market-cap rankings can change even when companies have not altered their underlying businesses.