Nvidia emerges as the top publicly traded company in the world by market value

Nvidia has overtaken Microsoft and Apple to claim the title of the world’s most valuable publicly listed company.
The graphics processing and AI chip giant now boasts a market capitalization of $3.34 trillion, edging out Microsoft’s $3.32 trillion and Apple’s $3.29 trillion market valuations.
At the time of writing, Nvidia’s shares are trading at approximately $135 following a 10-for-1 stock split that recently took place in June. Before the split, Nvidia shares were trading at around $1,200.
The decision to implement a stock split was made in an effort to position Nvidia on the Dow Jones Industrial Average, a weighted index that prefers companies with more moderate share prices to avoid significant skewing of the average by any one company.
Nvidia’s origins date back to 1991 when it was founded as a gaming company focused on producing graphics cards for high-performance video games. However, the company has since shifted its focus to establishing the technological groundwork for the era of artificial intelligence.
During the GPU-mining era of cryptocurrencies, which began around 2010 and ended with the introduction of application-specific integrated circuits (ASIC) for proof-of-work cryptocurrency mining, Nvidia witnessed increased demand for its graphics processors.
Nvidia’s powerful graphics processors have become the preferred choice for industry leaders such as OpenAI, Google, Amazon, and even Microsoft, as they seek to develop their artificial intelligence systems and infrastructure.
In its latest quarterly report, Nvidia reported robust Q1 results, amassing $26 billion in revenues for the business quarter. Specifically, Nvidia generated $22.6 billion in data center revenue during Q1.
Following these results, Nvidia founder and CEO Jensen Huang confirmed that the company will be rolling out new artificial intelligence chipsets annually, as part of what he described as a modern industrial revolution that will impact all sectors of the global economy.
Previously, Nvidia was dedicated to launching new versions of its high-end microprocessors once every two years. Ampere was introduced in 2020, Hopper in 2022, and the Blackwell architecture in 2024.