The market capitalization of NVIDIA has reached $3.34 trillion, surpassing Microsoft ($3.32 trillion) to become the most valuable company in the world. Despite the recent rise in Microsoft and Apple shares, NVIDIA's stock price has risen even further. Just at the beginning of this month, the company became the second largest by market capitalization. Apple is closely following both leaders with a capitalization of $3.29 trillion.
NVIDIA's market value has been rapidly increasing mainly due to the excitement around artificial intelligence and the company's corresponding chips. The capitalization crossed the $1 trillion mark last year, growing by 170% only in 2024. Earlier this month, NVIDIA announced a stock split at a ratio of 10 to 1, with one share now priced at just over $135.
Over the past decade, the company has experienced several stock surges due to demand for equipment for artificial intelligence, cryptocurrency mining, and significant growth in sales of gaming graphics cards during the COVID-19 pandemic. The current GeForce RTX 40xx series is also successful and dominates over competitors, despite user complaints about the lower-end models.
NVIDIA's technical developments help the company respond timely to challenges requiring significant computational power. Soon, the company plans to launch the new Blackwell architecture for data centers and the RTX 50xx series of graphics cards by the end of this year. The next Vera Rubin architecture has already been announced, and NVIDIA has transitioned to a yearly chip development cycle — doubling the speed. Experts say NVIDIA could grow to $5 trillion.
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