The $5 trillion monster: Nvidia just became the world’s most valuable company

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The AI giant jumped over rivals Microsoft and Apple for the top spot after another share price surge.

Nvidia’s relentless rally has propelled the semiconductor giant’s market capitalisation over its mega-cap tech peers, helping it clinch the title of the world’s most-valuable company as

Nvidia’s surging stock price has made co-founder and chief executive officer Jensen Huang one of the world’s richest people.Earlier in the month, Nvidia capped Apple by market value for the first time since 2002, and the two went back and forth in rankings in recent days. Last week, Apple also overtook Microsoft to trade in the top spot briefly.

 

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Nvidia hits $3tn and surpasses Apple as world’s second most valuable companyAI chipmaker’s stock has surged 147% so far in 2024, underscoring shift in tech world as demand for its processors far outstrip supply
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