Quick Take
NVIDIA has become the most valuable company globally, boasting a market cap of $3.335 trillion. This milestone surpasses Microsoft’s $3.317 trillion and Apple’s $3.285 trillion, marking a significant shift in the tech landscape. NVIDIA’s stock has surged 182% year-to-date and an astonishing 342,000% since its inception, driven by consistently impressive quarterly earnings and strong market performance.
This remarkable achievement coincides with Apple’s recent announcement of integrating AI technology with OpenAI, signaling a competitive landscape in tech innovation.
According to the Financial Times, the last time a US company outvalued both Microsoft and Apple was in 2011, when ExxonMobil held the top spot.
“Nvidia is just the 12th company ever to lead the S&P 500 since its inception in 1926,”
NVIDIA’s rapid growth is marked by hitting a market cap of $1 trillion in June 2023, reaching $2 trillion in March 2024, and surpassing $3 trillion in June 2024.
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