Nvidia Surpasses Apple and Microsoft to Become World’s Most Valuable Company

Nvidia has regained its position as the world's most valuable company after a nearly 3% surge in its stock price on October 5, overtaking Apple and Microsoft.

This boost lifted Nvidia’s market capitalization to $3.43 trillion, surpassing Apple’s $3.38 trillion and Microsoft’s $3.06 trillion.

While Apple’s stock remains sluggish due to a weak sales forecast and disappointing Q4 earnings, Microsoft continues to face a slump following a revision of its Q4 guidance.

In contrast, Nvidia’s stock has surged almost 190% this year, driven by strong sales and its focus on accelerated computing and generative AI. The company first surpassed Apple and Microsoft in June, but only briefly. Nvidia’s stock has gained 9.5% in the past month, trading at $139.91.

READ MORE:

Crypto Trader Wins Nearly $50 Million After Trump Takes the Election

Nvidia’s dominance in computer chips, particularly in AI-driven applications, positions it well in a growing sector. Asset manager UBS predicts AI revenue will reach $420 billion by 2027, fueled by increasing demand for GPUs and cloud-based AI computing.

With AI continuing to drive growth in global tech stocks, Nvidia is poised to remain a key player for the foreseeable future.

Kosta Gushterov

Kоста работи в крипто индустрията от над 4 години. Той се стреми да представя различни гледни точки по дадена тема и харесва сектора заради неговата прозрачност и динамика. В работата си той се фокусира върху балансираното отразяване на събитията и развитието в крипто пространството, като предоставя информация на своите читатели от неутрална гледна точка.