NVIDIA becomes the first chipmaker worth $1 trillion
Driven by demand for AI accelerators after ChatGPT, NVIDIA's market capitalization briefly topped $1 trillion on 30 May 2023, the first chip company to do so; it later passed $3T (June 2024), $4T (July 2025) and $5T (October 2025).
Key facts
- Crossed $1T intraday on 30 May 2023
- Followed a record revenue forecast in late May 2023 driven by datacenter GPUs
- Became the first company to reach a $4T market value in July 2025
- Became the first to reach $5T on 29 October 2025 (closing value ~$5.03T)
What happened
NVIDIA's stock soared as every major lab and cloud provider raced to buy H100 GPUs.
Why it matters
NVIDIA's valuation became the market's barometer for the AI boom and of the scale of capital flowing into compute.
Changelog
- 2026-09-29: created
Related events
- NVIDIA announces the H100 'Hopper' GPU ★★★★
- NVIDIA unveils the Blackwell GPU platform ★★★★
- NVIDIA and OpenAI announce 10-gigawatt partnership with up to $100B investment ★★★★
Sources (2)
id: 2023-05-30-nvidia-1-trillion · updated 2026-09-29 · open in the interactive timeline