Nvidia passed a $3 trillion market capitalization in June 2024.
Nvidia crossed the $3 trillion threshold on June 5, 2024, as demand for its artificial-intelligence processors drove a sharp rise in its share price. Its market value briefly moved above Apple’s during that period, placing Nvidia among the world’s most valuable public companies.
Nvidia began in 1993 as a graphics-chip company. Its graphics processing units became important not only for video games but also for scientific computing and machine-learning workloads. The company’s CUDA software platform helped developers use Nvidia hardware for general-purpose parallel computing.
The milestone followed a 10-for-1 stock split that took effect in June 2024, although a stock split itself does not create economic value. It lowers the price per share while increasing the number of shares proportionally; the company’s total market capitalization is theoretically unchanged by the split.