NVIDIA Becomes The Most Valuable Public Company In The World

NVIDIA achieved a market value of $3.336 trillion on 18th June, becoming the most valuable company globally. Although Microsoft and Apple recently saw their stock prices increase, NVIDIA’s shares surged by 3.57% today as of the time of writing, while other stocks experienced slight declines.

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NVIDIA has swiftly increased in market value, surpassing the $1 trillion mark last year and reaching $3.28 trillion today. Earlier this month, the company announced a 10-for-1 stock split, making its shares more accessible to smaller investors. This move likely contributed to NVIDIA’s recent surge, resulting in a 170% increase this year alone.

NVIDIA’s growth has been driven by robust demand for its AI accelerators. Over the past decade, the company has experienced multiple stock surges due to the demand for cryptocurrency mining equipment and a substantial increase in gaming GPU sales during the COVID-19 pandemic.

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Looking forward, NVIDIA is preparing to launch its Blackwell GPU architecture for data centers and is anticipated to release the gaming-focused RTX 50 series by the end of the year.

Images: NVIDIA, Companies Market Cap