Nvidia became the first graphics-chip company to reach a $2 trillion market capitalization in February 2024.
Nvidia passed the $2 trillion mark during trading on February 23, 2024, after its shares surged following strong financial results and forecasts. Investors increasingly viewed its graphics processing units, or GPUs, as essential infrastructure for training and running generative artificial-intelligence systems.
Founded in 1993, Nvidia first became famous for graphics processors used in personal computers and video games. Its CUDA software platform later made its hardware useful for scientific computing and machine learning, helping the company expand far beyond gaming.
The milestone is sometimes described as an AI valuation milestone rather than simply a gaming-company milestone. Nvidia’s market capitalization reflected investor expectations about future demand, while its actual revenue and profits remained separate accounting measures.