NVIDIA was the first company to reach a $3 trillion market capitalization in 2024 after a surge in AI-chip demand.
NVIDIA crossed $3 trillion during trading on June 5, 2024. Its graphics-processing units became central hardware for training and running many artificial-intelligence systems, creating extraordinary investor demand for the company’s shares.
The company originally became famous for graphics processors used in video games. It later expanded into data centers, scientific computing, autonomous-vehicle technology, and AI software tools, making its chips important far beyond gaming.
NVIDIA’s valuation rose rapidly, but market capitalization remains a changing market measure rather than a permanent ranking. Share prices, stock splits, earnings expectations, and the number of shares outstanding can all affect the calculation.