Nvidia reached a $2 trillion market capitalization for the first time in 2024.
Its valuation surged as demand grew for graphics processors used to train and run artificial-intelligence systems. Nvidia’s data-center chips, software ecosystem, and close relationships with major cloud providers made it a central supplier of AI computing infrastructure.
Nvidia was originally best known for graphics processing units used in computer games. GPUs later became highly useful for parallel calculations in scientific computing, cryptocurrency mining, and machine learning. That technological shift greatly expanded the market investors saw for the company.
The $2 trillion figure describes the market value of Nvidia’s publicly traded shares. It is not the same as the company’s annual sales, profit, or the combined value of every chip it has manufactured.