Nvidia Becomes World's Most Valuable Company with $3.76 Trillion Market Cap
- Nvidia Becomes World’s Most Valuable Company with a market cap of $3.763 trillion, overtaking Microsoft and Apple.
- Share price jumped 4.33% after Loop Capital raised its target, citing a 'Golden Wave' of generative AI adoption.
- Microsoft ($3.658T) and Apple ($3.010T) follow closely, with Amazon, Alphabet, and Meta rounding out the top 6.
In a historic milestone, Nvidia has officially become the most valuable company in the world, surpassing tech giants Microsoft and Apple. The chipmaker’s market capitalization soared to $3.763 trillion on Wednesday after its stock jumped 4.33% to close at a record high of $154.10.
The surge in Nvidia’s share price was driven by a bullish report from Loop Capital, which raised its price target for the stock from $175 to $250, while maintaining a 'buy' rating. Loop Capital analyst Ananda Baruah described Nvidia as being at the forefront of a 'Golden Wave' of generative AI adoption, fueled by stronger-than-anticipated global demand for AI chips and services.
Microsoft, which had briefly reclaimed the top spot earlier in June, now stands as the second-most valuable company with a market value of $3.658 trillion, followed by Apple in third at $3.010 trillion. Despite the sharp rise in Nvidia’s share price, analysts say the company’s valuation remains relatively reasonable, trading at 30 times its estimated earnings for the next 12 months below its five-year average of 40 times, according to LSEG data.
Nvidia, Microsoft, and Apple have been engaged in a tight race for the top position, frequently swapping places throughout the year as investor interest in AI and tech stocks remains strong.
Here’s the current list of the top 10 most valuable companies globally based on market capitalization:
- Nvidia – $3.763 trillion (↑ 4.33%)
- Microsoft – $3.658 trillion (↑ 0.44%)
- Apple – $3.010 trillion (↑ 0.63%)
- Amazon – $2.250 trillion (↓ 0.37%)
- Alphabet – $2.075 trillion (↑ 2.24%)
- Meta Platforms – $1.781 trillion (↓ 0.49%)
- Saudi Aramco – $1.569 trillion (↓ 0.82%)
- Broadcom – $1.244 trillion (↑ 0.33%)
- TSMC – $1.155 trillion (↑ 1.20%)
- Tesla – $1.055 trillion (↓ 3.79%)
Nvidia’s rise reflects the growing dominance of AI technology in global markets and positions the company as a central player in shaping the digital future.
