NVIDIA Surges to Become World's Largest Company by Market Capitalization
Recently, NVIDIA's stock has soared by 2.9%, reaching $139.93, propelling the company to the top of the global market capitalization rankings.
NVIDIA has now surpassed Apple, becoming the largest company in the world, with Microsoft trailing behind in third place.
According to the Seattle Times, NVIDIA's market capitalization has reached $3.43 trillion, a remarkable feat fueled by the company's continuous growth over the past few years.
In comparison, Apple's market capitalization stands at $3.38 trillion, while Microsoft lags behind at $3.06 trillion.
Thanks to the development of Artificial Intelligence (AI), NVIDIA, historically specialized in graphics cards, is experiencing explosive revenue growth, contrasting with Apple's struggles, particularly in China. NVIDIA now represents 7% of the S&P 500 index, with a staggering 183% growth since the beginning of the year.
