NVIDIA, the company that’s largely perceived as Wall Street’s poster child, now boasts the largest market capitalization in the world. It surpassed Microsoft for the title, charting an increase of around 3.5% in its stock price over the past 24 hours.It goes without saying that NVIDIA stock has been on a roll throughout 2024. It started the year trading at $49.24 on January 2nd and is currently up by some 175%, closing yesterday’s trading session at $135.58.
It’s worth noting, though, that the battle for the top spot of the most valuable company is ongoing and the ranking changes constantly. For example, Apple managed to become the biggest company just a few days ago – on June 13th.As it’s oftentimes the case, positive performance in the traditional financial market also impacts that of certain cryptocurrencies, tightly related to the artificial intelligence category.
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