Nvidia first joined the $1 trillion market-capitalization club in 2023.
Nvidia crossed the threshold during trading on May 30, 2023, as investors responded to surging demand for its graphics processors and data-center systems. The company’s chips became central to training and running large artificial-intelligence models.
Nvidia was founded in 1993 by Jensen Huang, Chris Malachowsky, and Curtis Priem. It initially became known for graphics processing units used in personal computers and video games, but its parallel-computing technology later found major uses in scientific computing, cloud services, and AI.
Nvidia designs chips and platforms but generally relies on outside foundries to manufacture them. That makes it different from integrated manufacturers such as Intel and from foundries such as Taiwan Semiconductor Manufacturing Company.