Nvidia’s market capitalization reached $335 billion, making it the world’s most valuable company. This increase is attributed to the growing demand for artificial intelligence and machine learning technologies, for which Nvidia produces processors. The company’s stock price has risen significantly over the past five years, from less than $4 per share in July 2019 to $135.58. Nvidia’s shares are highly traded, accounting for 16% of all trading in the top 500 US-listed companies. Tech giants like Microsoft and Apple have also held the title of most valuable company, with US-based companies dominating the top positions. Apple ranks third, followed by Saudi Aramco, Alphabet, Amazon, Meta, and Tesla. The rise of Nvidia reflects the increasing influence of AI and technology in the global market.
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https://amp.dw.com/en/nvidia-surpasses-microsoft-as-worlds-most-valuable-company/a-69406369
Nvidia Overtakes Microsoft as the Most Valuable Company in the World – DW Report, June 18, 2024
