Nvidia briefly became the world’s most valuable listed company in June 2024, overtaking Microsoft and Apple.
Nvidia reached the top position on June 18, 2024, after a major rise in its share price. Investors were pricing in extraordinary demand for its data-center processors, which are widely used to develop artificial-intelligence systems.
The lead changed quickly because market capitalization moves with share prices. Microsoft and Apple had each held the top spot during earlier periods, and Nvidia later traded places with other mega-cap companies as technology shares moved.
Nvidia’s rise was powered not only by hardware. Its CUDA software platform, networking products, and developer ecosystem helped make its computing systems valuable for AI and high-performance computing.