Nvidia Becomes the World's Most Valuable Company, Market Cap Reaches $3.34 Trillion, Leaving Microsoft and Apple Behind |
Nvidia, an AI-based chip design and manufacturing company, has surprisingly emerged as the world's most valuable company. Just six months ago, no one could have imagined that Nvidia would surpass the likes of Microsoft and Apple to claim this prestigious title. On June 18th, Nvidia's market capitalization reached a staggering $3.34 trillion, a testament to the company's remarkable growth and performance. From January to the present, Nvidia's share price has skyrocketed by an impressive 181%. On January 2nd, 2024, the stock was trading at $48, and by June 18th, it had soared to $135.58. This means that anyone who invested in Nvidia at the beginning of the year has seen their investment more than double in value. Achieving such a dominant market position is no easy feat, especially for a company of Nvidia's size. This remarkable accomplishment underscores the strength of Nvidia's business model, the quality of its products, and the confidence investors have in t...