Nvidia is worth more than $3 trillion.

The valuation comes after the GPU designer hit $2 trillion in February 2024, and $1 trillion in May 2023.

At time of publication, this puts Nvidia slightly above Apple in terms of valuation and makes it the second most valuable public company in the world after Microsoft ($3.15 trillion). However, it should be noted that because the valuations are so close, Nvidia may fluctuate either side of Apple by time of reading.

Those three companies are the only ones to ever reach a $3 trillion valuation.

Shares in Nvidia have risen more than 3,224 percent in the last five years. Later this month, the company plans a 10-for-1 stock split.

In May, Nvidia reported revenues of $26 billion, up 262 percent over the same time last year. Data center-specific revenue hit $22.6bn, up 427 percent over last year and up 23 percent over the last quarter.

"The next industrial revolution has begun — companies and countries are partnering with Nvidia to shift the trillion-dollar traditional data centers to accelerated computing and build a new type of data center — AI factories — to produce a new commodity: artificial intelligence,” said Jensen Huang, Nvidia's founder and CEO, at the time.

“Our data center growth was fueled by strong and accelerating demand for generative AI training and inference on the Hopper platform. Beyond cloud service providers, generative AI has expanded to consumer Internet companies, and enterprise, sovereign AI, automotive, and healthcare customers, creating multiple multibillion-dollar vertical markets."

Nvidia also forecast total revenue of $28bn plus or minus two percent for the current quarter, above analyst expectations.