Nvidia first reached a $3 trillion market capitalization in June 2024, surpassing Apple at the time.
Nvidia crossed $3 trillion on June 5, 2024, as demand for its artificial-intelligence accelerators continued to drive extraordinary investor interest. The milestone made Nvidia the second company to reach that level, after Apple, and it briefly moved ahead of Apple by market value.
The company’s rise was linked to its dominant position in supplying high-performance GPUs and related software for AI data centers. Nvidia’s CUDA software platform helped developers use its processors for workloads beyond traditional graphics.
The ranking was not permanent: market capitalization changes whenever share prices change, and other mega-cap companies have repeatedly exchanged positions. Nvidia also completed a ten-for-one stock split in June 2024, which changed the per-share price but not the company’s overall market value.