Nvidia became the world’s most valuable publicly traded company after its June 2024 stock split and subsequent share-price rise.
Nvidia completed a ten-for-one stock split effective June 10, 2024. A stock split changes the number of shares and the price per share but does not, by itself, change the company’s total market capitalization. Nvidia’s market value continued rising because investors were responding to exceptional AI-related demand.
The company’s data-center business became its largest growth engine. Cloud providers and technology companies bought Nvidia’s accelerators to build systems for machine learning and generative AI.
The title “most valuable” refers to market capitalization, not the highest-priced individual share. Market leadership is also temporary: share prices fluctuate, and other companies can reclaim the top position.