Nvidia becomes the world’s most valuable public company

Nvidia’s market capitalization reached $3.33 trillion on 18 June 2024, passing Microsoft’s $3.31 trillion to make it the most valuable listed company in the world. Its shares rose 3.7% to $135.77, after a ten-for-one split on 7 June.

Why it mattered Markets valued a supplier of AI training chips above every software and consumer-hardware company, two weeks after Nvidia had passed Apple.