Nvidia became the world’s largest company by market capitalization on June 18, 2024, surpassing Microsoft and Apple.
Nvidia’s share price surge carried its market capitalization above those of Microsoft and Apple on June 18, 2024. The change reflected intense investor demand for the company’s graphics-processing units and related systems used in artificial-intelligence computing.
Nvidia was founded in 1993 and originally became known for graphics hardware used in personal computers and video games. Its CUDA software platform and data-center products later helped it become a major supplier of accelerated computing for AI workloads.
Market-cap rankings can change quickly because they depend on stock prices. Nvidia’s position at the top was therefore a snapshot of public-market values rather than a permanent judgment about revenue, assets, or overall economic importance.