Nvidia surpassed Microsoft to become the world’s most valuable company by market capitalization on Tuesday, with its shares rising 3.5% to $135.58. This brought the company’s perceived value to $3.335 trillion, marking a rapid rise in the last five years. One of the factors contributing to Nvidia’s market capitalization surge is the growing importance of AI and machine-learning technologies, for which Nvidia is a key producer of the necessary processors.
In July 2019, a single Nvidia share was worth less than $4, demonstrating the significant increase in stock price over the past two years. In fact, Nvidia shares are currently the most commonly bought and sold among the 500 largest companies listed in the US, accounting for about 16% of all trading this year.
Tech giants like Nvidia, Microsoft, and Apple have dominated the rankings for the most valuable companies worldwide. While Microsoft was previously at the top, companies like Apple, Google (now Alphabet), and now Nvidia have taken the lead. US-based companies continue to hold the majority of the top spots, with Apple, Saudi Aramco, Alphabet, Amazon, Meta (which owns Facebook, Instagram
