Nvidia was the first semiconductor firm to exceed a $3 trillion market capitalization.
Nvidia passed the $3 trillion mark in June 2024 as demand for its artificial-intelligence accelerators drove extraordinary growth in its share price. The company briefly ranked among the world’s most valuable public companies during that period.
Founded in 1993 by Jensen Huang, Chris Malachowsky, and Curtis Priem, Nvidia originally became famous for graphics-processing units used in computer games. Its CUDA software platform and data-center chips later made it a central supplier for machine-learning systems.
Market capitalization is calculated by multiplying a company’s share price by its outstanding shares, so the milestone can change with daily trading. Nvidia is often confused with TSMC: Nvidia designs major chips, while TSMC manufactures chips for Nvidia and many other customers.