Nvidia Tops Microsoft to Become World's Second-Largest Company, Eyes Apple's Top Spot

Oct 9, 2024, 11:19 AM

Nvidia has overtaken Microsoft to become the world's second-largest company by market capitalization, making it the second-largest company in the world behind Apple. The company's market cap is now reported at $3.26 trillion, trailing Apple's $3.43 trillion. Nvidia's stock has rallied by 13.6% over the last week, trading 13.7% above its 50-day moving average, and has made its first higher high since June. The stock is set to open up for the sixth consecutive day, and some speculate it is poised to overtake Apple as the world's most valuable company.