Nvidia surpassed a $3 trillion market capitalization in 2024 after its shares surged on demand for AI chips.
Nvidia was founded in 1993 by Jensen Huang, Chris Malachowsky, and Curtis Priem. It first became widely known for graphics-processing units used in computer games, but its parallel-computing technology later became essential to many artificial-intelligence systems.
The company’s data-center GPUs are used to train and run large machine-learning models. Strong demand for these products, combined with high expectations for continued AI investment, caused Nvidia’s share price and market capitalization to rise rapidly.
Nvidia briefly became the world’s most valuable public company in June 2024. Such rankings are temporary because they depend on changing share prices, and market capitalization should not be confused with annual revenue.