Nvidia’s 2024 stock-market surge was closely associated with demand for its AI accelerators.
Nvidia designs graphics processing units and related systems used to train and run artificial-intelligence models. In 2024, investor expectations for AI infrastructure helped drive a dramatic increase in Nvidia’s share price and market capitalization, placing the company among the world’s most valuable public businesses.
Its CUDA software platform, introduced in 2006, helped developers use Nvidia GPUs for general-purpose computing. That ecosystem became especially important for machine-learning workloads, which require large amounts of parallel computation.
Nvidia is often described as a chip company, but it primarily designs chips and platforms rather than operating the fabrication plants that manufacture them. Taiwan Semiconductor Manufacturing Company is a major manufacturing partner, a distinction that helps explain the semiconductor supply chain.