Nvidia was the first semiconductor business to exceed a $3 trillion market capitalization.
Nvidia passed the $3 trillion mark in June 2024 as investors continued to demand its graphics processors and data-center systems for artificial-intelligence computing. Its shares had risen sharply as cloud companies and other firms expanded AI infrastructure.
Founded in 1993, Nvidia first became widely known for graphics processing units used in computer games. Those chips later proved highly useful for parallel computing, machine learning, and large language models, turning the company into a central supplier for the AI industry.
Nvidia’s milestone is based on market capitalization, not total semiconductor sales. It also followed a 10-for-1 stock split in June 2024, which lowered the price of each individual share while leaving the company’s overall market value economically unchanged.