Nvidia first reached a US$1 trillion market capitalization among semiconductor manufacturers.
Nvidia crossed the US$1 trillion threshold in May 2023 as investors responded to soaring demand for its graphics-processing units and data-center technology. The company became a central supplier of hardware used to develop and run artificial-intelligence systems.
Nvidia began as a graphics-chip company associated with computer games, but its programmable GPUs became useful for scientific computing, machine learning, and large-scale data centers. That expansion changed how investors assessed the company’s long-term growth prospects.
The milestone is sometimes confused with the valuation of Taiwan Semiconductor Manufacturing Company, another major chip industry business. TSMC manufactures chips for many designers, whereas Nvidia primarily designs processors and platforms and relies on outside foundries for production.