Nvidia became the first semiconductor company to reach a $2 trillion market capitalization.
Nvidia passed the $2 trillion valuation level in February 2024 after reporting powerful growth tied to demand for artificial-intelligence computing. Its data-center GPUs became essential hardware for training and operating large AI systems, producing a dramatic increase in investor expectations.
The company was founded in 1993 by Jensen Huang, Chris Malachowsky, and Curtis Priem. Nvidia’s original reputation came from graphics processors for video games, but its programmable GPU architecture later proved valuable for parallel scientific and machine-learning workloads.
Nvidia is often described as a “fabless” semiconductor company because it designs chips while relying on manufacturing partners. That differs from Taiwan Semiconductor Manufacturing Company, or TSMC, which operates fabrication plants and manufactures chips for many designers. Market-cap rankings reflect investor valuation, not the physical volume of chips produced.