Nvidia was the first company to surpass a $3 trillion market capitalization during the artificial-intelligence boom in 2024.
Nvidia crossed $3 trillion on June 5, 2024, as its share price climbed on strong demand for its data-center accelerators. The company’s chips became foundational infrastructure for generative-AI systems, including the training and operation of large neural networks.
A 10-for-1 stock split took effect in June 2024. The split reduced the price of each individual share but did not, by itself, change Nvidia’s total market capitalization. The number of shares increased proportionally, leaving the value of an investor’s overall holding unchanged at the moment of the split.
Nvidia’s rise illustrates why market capitalization can expand much faster than a company’s physical footprint. Expectations about future profits, competitive advantages, and the growth of AI computing all influenced the valuation, not just the value of existing factories and equipment.