On Tuesday, Nvidia joined the elite club of five companies with a $1 trillion valuation. The chipmaker, based in Santa Clara, California, is the first in its industry to reach this milestone.

Nvidia has reached a trillion dollar market cap, joining a select group of tech giants that have achieved this feat. Only nine companies in the world have ever crossed this mark.

The key driver behind Nvidia’s success is artificial intelligence. The company has seen a surge in demand for its PC gaming and cryptocurrency mining products during the pandemic, but its data center business has also shown tremendous growth potential under CEO Jensen Huang’s vision.

Nvidia showcased its AI prowess at Computex 2023 last weekend, where it unveiled games that use Avatar Cloud Engine (ACE) for Games. This technology enables natural language interaction with realistic digital characters.

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