- Nvidia led global companies in market cap gains in May, buoyed by a stunning rally as its bumper revenue forecast reinforced investor confidence in the AI-driven surge in chip demand.
Microsoft maintained its position as the leading global company by market cap, rising 6.6% to $3.08 trillion in May, with shares touching record highs driven by expectations that AI will significantly boost profit growth for Microsoft and its major competitors. Walmart Inc. experienced significant growth, with its market cap rising 10.8% to $530 billion at the end of last month, as the company reported better-than-expected quarterly results and raised its full-year forecast, anticipating that easing inflation will boost sales of groceries and non-essential merchandise such as clothing and electronics.
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