Nvidia overtakes Microsoft as the world’s most valuable company

Less than two weeks after Nvidia surpassed Apple in terms of overall valuation, the GPU maker overtook Microsoft to become the world’s most valuable company based on the chips it makes that are essential to driving a boom in computing technology. Generative AI.

At the close of trading on Tuesday, its share price was $135.58, an increase of $4.60 from the previous day and bringing its market value to $3.335 trillion. That’s more than Microsoft ($3.32 trillion), Apple ($3.29 trillion) and Google ($2.17 trillion). Nvidia shares were split 10 for 1 after June 7, reducing the overall share price, but the increase in the company’s value was shocking. Its share price rose 160% in 2024 and the company only surpassed the $2 billion mark in February.

In its last earnings report in May, Nvidia reported more than $26 billion in revenue ahead of the introduction of the new Blackwell GPU architecture later this year with the B200, which it claims is “the most powerful chip in the world.” CEO Jensen Huang said Blackwell’s units will cost “$30,000 to $40,000” each, and the company plans to release new AI chips every year.