NVIDIA is just the 12th company ever to lead the S&P 500
Quick Take
NVIDIA has become the most valuable company globally, boasting a market cap of $3.335 trillion. This milestone surpasses Microsoft’s $3.317 trillion and Apple’s $3.285 trillion, marking a significant shift in the tech landscape. NVIDIA’s stock has surged 182% year-to-date and an astonishing 342,000% since its inception, driven by consistently impressive quarterly earnings and strong market performance.
This remarkable achievement coincides with Apple’s recent announcement of integrating AI technology with OpenAI, signaling a competitive landscape in tech innovation.
According to the Financial Times, the last time a US company outvalued both Microsoft and Apple was in 2011, when ExxonMobil held the top spot.
“Nvidia is just the 12th company ever to lead the S&P 500 since its inception in 1926,”
NVIDIA’s rapid growth is marked by hitting a market cap of $1 trillion in June 2023, reaching $2 trillion in March 2024, and surpassing $3 trillion in June 2024.
| Rank | Name | Market Cap | Price | Today | Country |
|---|---|---|---|---|---|
| 1 | Gold | $15.754 T | $2,346 | -0.04% | USA |
| 2 | NVIDIA | $3.335 T | $135.58 | 3.51% | USA |
| 3 | Microsoft | $3.317 T | $446.34 | -0.45% | USA |
| 4 | Apple | $3.285 T | $214.29 | -1.10% | USA |
| 5 | Alphabet (Google) | $2.171 T | $176.45 | -1.30% | USA |
| 6 | Amazon | $1.902 T | $182.21 | -0.68% | USA |
| 7 | Saudi Aramco | $1.787 T | $7.39 | -2.12% | S. Arabia |
| 8 | Silver | $1.664 T | $29.58 | 0.04% | USA |
| 9 | Bitcoin | $1.284 T | $65,320 | -0.44% | USA |
| 10 | Meta Platforms (Facebook) | $1.266 T | $499.49 | -1.41% | USA |
Source: companiesmarketcap.com
