In a recent development, Nvidia has surpassed Microsoft and Apple to become the world’s most valuable publicly traded company, with a market capitalization of about $3.3 trillion. This remarkable milestone was achieved by the AI company led by Jensen Huang, which overtook Apple in market value for the first time since 2002.
Nvidia’s stock has soared approximately 173% this year, far outpacing Microsoft’s increase of around 19%. The growth has been fueled by competition among tech giants like Microsoft, Meta Platforms, and Alphabet to expand their AI computing capabilities and establish dominance in the technology sector.
As a result of its surge in shares, Nvidia has hit record highs and added over $103 billion to its market capitalization in just one day. In February, the company’s market value reached $2 trillion, and it has now crossed the $3 trillion mark in just nine months.
Market analysts like Sam North from eToro have noted that a stock split can make shares more affordable for individual investors. Nvidia recently announced a 10:1 split, which has been well-received by retail investors who may see increased accessibility to Nvidia shares as a result of the split.
