The chipmaker’s market value stood at $3.86 trillion at the end of June, about 4.3% higher than Microsoft Corp’s $3.69 trillion valuation.
However, Nvidia’s market value has yet to surpass Apple Inc’s record high of about $3.92 trillion set in December 2024. Apple, with a market capitalization of $3.1 trillion, ranked as the third most valuable company at the end of last month.
Meta Platforms Inc, Broadcom Inc, and Amazon.com Inc saw their market values rise by 14%, 13.9%, and 7% respectively last month, reaching $1.86 trillion, $1.3 trillion, and $2.33 trillion.
The market value of Tesla Inc dropped 8.3% to $1.02 trillion last month, with sentiment hit by CEO Elon Musk’s feud with U.S. President Donald Trump.
“We believe both Nvidia and Microsoft will hit the $4 trillion market cap club this summer and then over the next 18 months the focus will be on the $5 trillion club … as this tech bull market is still early being led by the AI Revolution,” said Daniel Ives, an analyst at Wedbush Securities.
