Surpassing Microsoft! NVIDIA Tops Global Market Cap Ranking

2024-06-19

On June 19th, Nvidia's market value successfully surpassed the $3.3 trillion mark, making it the top technology company in the world and setting a new industry milestone.


According to market data, as of the closing on June 18th, Nvidia's stock price reached $135.58, with a market value of a staggering $3.335 trillion, surpassing tech giants such as Microsoft and Apple. Nvidia's stock price has been soaring this year, growing from $2.3 trillion in March to the current $3.3 trillion, with an increase of over $1 trillion, demonstrating its strong growth momentum.


Nvidia's outstanding performance in the AI chip market is a key factor driving its market value surge. With the rapid development of AI technology, the demand for high-performance AI chips is growing. Nvidia, with its leading position in GPU technology, occupies over 80% of the AI chip market share, making it a leader in the industry. Recently, Nvidia has also launched a new generation of chips to expand its market share in the data center business, further consolidating its market position.

Nvidia has also achieved significant results in terms of performance. According to Nvidia's financial report for the first quarter of the 2025 fiscal year, its data center business revenue reached $22.6 billion, a 427% increase compared to the same period last year; total revenue was $26.04 billion, with a growth rate of 262%; and net profit reached a staggering $14.88 billion, a year-on-year increase of 628%. These performance data not only exceeded market expectations but also boosted investors' confidence in Nvidia's future development.

In terms of stock price, Nvidia has risen by over 170% since the beginning of the year, leading the S&P 500 index. Especially after Nvidia's stock split, its stock price has reached new highs. Hans Mosesmann, an analyst at Rosenblatt Securities, even boldly predicts that Nvidia's market value is expected to reach nearly $5 trillion in the next year.

However, while Nvidia's market value is soaring, its CEO, Jensen Huang, and other executives have recently sold some of their stocks. Regulatory filings show that Huang cashed out $31.2 million through a series of insider transactions. However, as of March 25, 2024, Huang still holds nearly 93.5 million shares of Nvidia, accounting for 3.8% of the company's total shares. Other executives have also sold different quantities of Nvidia stocks in recent weeks.

Regarding Nvidia's rise to the top of the global technology market value list, Shudi, the chief analyst of Guotai Junan Research Institute, said, "The change in the company's market value is essentially a product of the times. Apple represents the king of the previous era, the era of mobile internet, while Nvidia basically represents the company with the most core competitiveness in the AI era. Therefore, the change in market value also reflects the evolution of the times."

With the continuous progress and widespread application of artificial intelligence technology, the demand for high-performance computing solutions may continue to remain strong.