Nvidia Surpasses Microsoft: In a monumental shift on Wall Street, Nvidia has surged ahead of Microsoft to claim the title of the world’s most valuable company. Nvidia’s stock price rose by 3.5% to $135.58, propelling its market capitalization up by over $110 billion to a staggering $3.335 trillion. This achievement comes just days after Nvidia surpassed Apple to become the second most valuable company globally.
Nvidia’s rapid ascent in market value has been nothing short of spectacular. Earlier this year in February, the company reached a $2 trillion market cap, doubling its value in just nine months. Now, in June, Nvidia has hit another milestone by reaching $3 trillion in market capitalization in a little over three months.
On Tuesday, Nvidia’s shares continued their upward trajectory, further solidifying its position as the leader in the tech world. Meanwhile, Microsoft, which held the top spot until now, saw its stock dip by 0.45%, leaving its market value slightly behind Nvidia at $3.317 trillion. Apple, another tech giant, also experienced a decline with its share price slipping over 1%, putting its market cap at $3.286 trillion.
