Nvidia Beats Microsoft, Apple to Become Most Valuable Company

With a $3.34 trillion company value, Nvidia surpassed Apple and Microsoft in terms of company value. Apple’s value is around $3.32 trillion, while Microsoft is a $3.28 trillion valuable company.

Recently, the Nvidia market cap reached $3.34 trillion due to the advancement in AI, and the value of the company stock increased by 3% on Tuesday 18 June, 2024.

According to international media reports, Nvidia’s value will increase as a US-based firm will invest $10 billion in Nvidia stock shares. Besides this, other stock funds will raise the company’s value.

Currently, Nvidia is working on intelligent chips such as Blackwell, Rubin, and Hopper. These modern AI-based chips will further increase its stockmarket position.

Before 2023, Nvidia was not near Apple and Microsft, but after 2023, its value increased by more than ten times; in 2024, its value tripled.