November 08, 2024 – NVIDIA has achieved a historic milestone, becoming the first company to surpass a market value of 3.6trillion.OnThursday,itssharesreachedanall−timehigh,closingwithamarketcapitalizationof3.65 trillion. This surpassed Apple’s previous record of $3.57 trillion set on October 21st.
In the race among technology giants like Microsoft and Alphabet to build artificial intelligence computing power and capture emerging technology markets, NVIDIA has emerged as the biggest winner in the US stock market. The company’s shares have risen by 12% in November and have tripled in value since the start of 2024. Analysts predict that NVIDIA’s quarterly earnings, which are expected to be announced on November 20th, will show an increase of over 80%.
Earlier this year in June, NVIDIA briefly held the title of the world’s most valuable company, before being surpassed by Microsoft and Apple. The market caps of these three technology giants have been neck and neck over the past few months.
On Thursday, Apple’s shares rose by 2.1%, bringing its market value to 3.44trillion,whileMicrosoft′ssharesgained1.253.16 trillion.
