NVIDIA Reaches Unprecedented Market Value
NVIDIA has now achieved the status of the world’s most valuable company, with a market capitalization of $3.335 trillion. This achievement surpasses Microsoft’s $3.317 trillion and Apple’s $3.285 trillion. It represents a significant shift in the technology sector. The company’s stock has increased by 182% this year. Amazingly, it has grown 342,000% since its founding. This growth is driven by consistently impressive quarterly earnings and strong market performance.
Stock Performance Comparison
In a comparison of NVIDIA’s performance with BTCUSD (Source: TradingView), the results highlight the company’s exceptional growth.
Competitive Landscape in Tech Innovation
This milestone aligns with Apple’s recent announcement. Apple is integrating AI technology with OpenAI. This indicates a competitive environment in tech innovation.
Historical Context
According to the Financial Times, the last instance of a US company surpassing both Microsoft and Apple was in 2011. At that time, ExxonMobil led the market.
Noteworthy Achievement
NVIDIA has become the 12th company to lead the S&P 500 since its inception in 1926.
Rapid Market Growth
NVIDIA’s rapid growth is illustrated by reaching a market cap of $1 trillion in June 2023. Then, it hit $2 trillion in March 2024. By June 2024, it exceeded $3 trillion.
| Rank | Name | Market Cap | Price | Today | Country |
|---|---|---|---|---|---|
| 1 | Gold | $15.754 T | $2,346 | -0.04% | USA |
| 2 | NVIDIA | $3.335 T | $135.58 | 3.51% | USA |
| 3 | Microsoft | $3.317 T | $446.34 | -0.45% | USA |
| 4 | Apple | $3.285 T | $214.29 | -1.10% | USA |
| 5 | Alphabet (Google) | $2.171 T | $176.45 | -1.30% | USA |
| 6 | Amazon | $1.902 T | $182.21 | -0.68% | USA |
| 7 | Saudi Aramco | $1.787 T | $7.39 | -2.12% | S. Arabia |
| 8 | Silver | $1.664 T | $29.58 | 0.04% | USA |
| 9 | Bitcoin | $1.284 T | $65,320 | -0.44% | USA |
| 10 | Meta Platforms (Facebook) | $1.266 T | $499.49 | -1.41% | USA |
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