NVIDIA became the world’s first chipmaker valued above $1 trillion in 2023.
NVIDIA crossed the $1 trillion market-capitalization threshold in May 2023 after forecasting exceptional demand for data-center chips used in artificial-intelligence systems. Its graphics processing units, or GPUs, became central to training and running large machine-learning models.
The company had originally become famous for graphics hardware used in video games. Its CUDA software platform also helped researchers and engineers use NVIDIA GPUs for general-purpose parallel computing, creating an important foundation for its later AI leadership.
NVIDIA is often confused with a semiconductor foundry such as TSMC. NVIDIA designs chips and platforms, while TSMC manufactures semiconductors for many customers. NVIDIA’s valuation milestone reflected investor expectations about AI computing as well as its existing gaming and data-center businesses.