Nvidia has recently surpassed Microsoft and Apple to become the world’s most valuable publicly traded company, with a market capitalization of approximately $3.3 trillion. This surge in Nvidia’s shares has been driven by the company’s continued success in the AI industry, where it has been dominating for years.
Despite facing intense competition from other tech giants like Microsoft and Alphabet, Nvidia has seen significant growth in its stock this year, up around 173%, while Microsoft experienced only a modest 19% increase. The competition among these companies to enhance their AI computing capabilities and dominate the technology sector continues to intensify.
Nvidia’s recent uptick in shares led to a record high for the company, adding over $103 billion to its market capitalization in just one day. In just nine months, Nvidia’s market value grew from $1 trillion to $2 trillion, and in just over three months, it surpassed $3 trillion.
Market analysts like Sam North have noted that stock splits can make shares more accessible for individual investors by reducing their price per share. In fact, Nvidia recently conducted a 10:1 split, which increased the affordability of its shares for retail investors who have been identified as the real winners in this scenario.
