NVIDIA Surpasses Microsoft and Apple to Become the World's Highest-Valued Company
Brook.X
Yesterday, the chipmaker NVIDIA saw its stock price climb by 3.51% at the close, reaching a market capitalization of 3.335 trillion and surpassing Microsoft′s 3.317 trillion and Apple's $3.286 trillion.
NVIDIA's ascendancy on the U.S. stock market ranking has been meteoric, especially following a stock split on June 10, where the original share price of 1,200 was divided into 10 shares priced at
The latest stock price for NVIDIA stands at 135.58, essentially a significant increase from the post-split price, equivalent to an unsplit price of 1,355, a stark contrast to the early 2024 price of around $200.
Artificial intelligence has been the catalyst in this reshuffling of market values, with NVIDIA's advanced chips, foundational to AI technology, in high demand. This surge is primarily attributed to the rapid rise of artificial intelligence, driving NVIDIA's stock upwards.
Meanwhile, Microsoft and Apple have also seen commendable stock performance, though not as dramatic as NVIDIA's. For instance, Microsoft's stock rose from around 370 during the "OpenAI saga" to 370 during the"OpenAI saga"to 446.
However, NVIDIA's meteoric rise has not been without controversy. The company faces allegations of misleading investors in its cryptocurrency mining business, with Sweden-based investment management company E. Ohman J:or Fonder AB suing for damages, though the sought amount has not been disclosed.
Additionally, NVIDIA's founder, Jensen Huang, took advantage of the soaring stock price to cash out some shares, netting $31.2 million, approximately 226 million yuan.
Despite these controversies, NVIDIA's market position remains unaffected, at least for now, allowing it to overtake Microsoft and Apple as the world's most valuable company. Under normal circumstances, such negative news might have led to a stock price decline, highlighting NVIDIA's resilience in the face of adversity.
