Nvidia became the world’s most valuable publicly traded company in June 2024 after an AI-driven share-price surge.
Nvidia briefly overtook Microsoft and Apple in market capitalization on June 18, 2024. Investor enthusiasm centered on demand for its graphics processing units, or GPUs, which are widely used to train and run artificial-intelligence systems.
Nvidia began in 1993 as a specialist graphics-chip company and became a major supplier of accelerated computing hardware. Its rise illustrates how market leadership can change quickly: the ranking depends on live share prices, exchange rates, share counts, and whether a source uses intraday or closing values. Nvidia later carried out a ten-for-one stock split in June 2024.