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.
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.
The first week of July brings several important developments in the United States that could influence both traditional markets and the cryptocurrency sector.
Ric Edelman, one of the most influential voices in personal finance, has radically revised his stance on crypto allocation. After years of cautious optimism, he now believes that digital assets deserve a far larger share in investment portfolios than ever before.
In the case involving Terraform Labs and its co-founder Do Hyeong Kwon, the defense has asked the Federal Court for the Southern District of New York to extend the deadline for pretrial filings by two weeks, pushing it beyond the original date of July 1, 2025.
Coinbase has emerged as the best-performing stock in the S&P 500 for June, climbing 43% amid a surge of bullish momentum driven by regulatory clarity, product innovation, and deeper institutional interest in crypto.