Nvidia’s 2024 market-cap rise was closely linked to demand for its H100 artificial-intelligence GPUs.
The H100 is a data-center graphics processing unit designed for demanding computing workloads, including training and running large artificial-intelligence models. Nvidia’s CUDA software platform also helped developers use its hardware for parallel computing, strengthening the company’s position in AI infrastructure.
During 2024, major cloud providers and technology companies invested heavily in AI data centers. That spending increased demand for Nvidia’s advanced accelerators and helped drive a sharp rise in its share price and market capitalization. Nvidia briefly became one of the world’s most valuable public companies during that surge.
The company was founded in 1993 by Jensen Huang, Chris Malachowsky, and Curtis Priem. It began with a strong focus on computer graphics and gaming, but its technology later became central to scientific computing, autonomous systems, and generative AI. The H100 is a product name, not the name of Nvidia’s entire business.