Visualising Nvidia's rise to the $1 trillion market value club

Nvidia is joining the likes of Apple, Microsoft, Alphabet and Amazon with the company briefly reaching a $1 trillion market cap on Tuesday, making it one of only a handful of companies to do so. Shares of the chipmaker, based in California in the United States, have risen significantly and nearly tripled since the start of 2023, in part driven by a wave of artificial intelligence (AI) innovations in the past year. The animation below highlights Nvidia's market cap over the past 10 years. Nvidia was founded on April 5, 1993 and went public in 1999, with shares trading at $0.82. In 2016, Nvidia's market cap began its upward trajectory with the surge in high-end graphics cards sales driven by gaming, AI, virtual reality and the automotive sector.