Nvidia was the first company to reach a $3 trillion market capitalization during the artificial-intelligence stock boom in June 2024.
Nvidia crossed the $3 trillion mark on June 5, 2024, as investors responded to surging demand for its graphics-processing units. These chips are widely used in data centers that train and run artificial-intelligence models.
The company’s CUDA software platform and broad hardware ecosystem also helped make its products central to AI computing. Nvidia’s valuation rose rapidly as major cloud providers and technology companies expanded their AI infrastructure spending.
Nvidia briefly moved ahead of Apple and Microsoft by market value during the period, illustrating how rankings can change quickly when share prices move. Its original business focused on graphics for personal computers and video games, while data-center computing later became a major growth engine.