Nvidia Becomes World's Most Valuable Company at $3.34 Trillion, Surpassing Microsoft and Apple

Jun 19, 2024, 08:01 PM

Nvidia has become the world's most valuable company, surpassing Microsoft and Apple with a market capitalization of approximately $3.34 trillion. The surge in Nvidia's market value has been driven by the increasing demand for its AI chips, which are considered the gold standard in the artificial intelligence industry. Nvidia's stock closed at $135.58, marking a significant rally of over 160% this year. This milestone places Nvidia ahead of major stock markets, including the entire UK stock market valued at $3.18 trillion. The company's rise has also lifted the S&P 500 and Nasdaq to record highs. Nvidia's market cap reached $3.22 trillion, $3.32 trillion, and $3.335 trillion at different points, with a 3.5% stock surge on Tuesday.