19th June 2024- Nvidia has ascended to become the world’s most valuable publicly traded company, following a significant rally in its shares. On Tuesday, Nvidia’s stock surged by about 3%, elevating its market capitalization to approximately $3.33 trillion. This impressive rise pushed Nvidia past tech giants Microsoft and Apple, who have been leading the rankings recently.
Nvidia’s remarkable stock performance, up about 173% this year, underscores the growing investor confidence in the pivotal role artificial intelligence is expected to play in the global economy. The company’s market value has seen a dramatic expansion, rising from $1 trillion to $2 trillion within nine months and reaching $3 trillion in just over three months.
This milestone highlights Nvidia’s influential position in the technology sector, reflecting the market’s anticipation of continued advancements and applications of AI technologies.
+ There are no comments
Add yours