Nvidia has officially hit a $2 trillion market capitalization, making it the first chipmaker to cross the threshold. It’s also the third US company to reach over a $2 trillion valuation, right behind Apple ($2.83 trillion) and Microsoft ($3.06 trillion).

The California-based company has seen rapid growth over the past year due to its leadership in the AI chip market. Nvidia’s market cap reached $1 trillion only less than one year ago, and it left both Amazon and Alphabet in the rearview mirror as it became a $1.83 trillion company earlier this month.

Source: https://www.theverge.com/2024/2/23/24080975/nvidia-ai-chips-h100-h200-market-capitalization