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NVIDIA edges closer to becoming world’s most valuable company NVIDIA edges closer to becoming world’s most valuable company

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NVIDIA edges closer to becoming world’s most valuable company – Crypto News

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12 months ago

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Quick Take

On June 5, 2024, the Nasdaq and S&P 500 reached unprecedented heights, closing at 19,035 and 5,354, respectively. However, the standout story of the year has been NVIDIA’s phenomenal performance. NVIDIA’s stock has surged by 154% year-to-date and an astonishing 3,200% over the past five years.

SPX, Nasdaq, NVIDIA: 2019-2024: (Source: TradingView)

June 5 marked a significant milestone as NVIDIA’s market capitalization soared to $3 trillion, placing it in the elite company of Apple and Microsoft. NVIDIA also surpassed Apple in market cap, closing at $3.011 trillion. NVIDIA is roughly 5% shy of Microsoft’s $3.151 trillion valuation, which would make it the biggest company in the world.

To contextualize NVIDIA’s meteoric rise, consider Bitcoin, which currently holds a market cap of $1.4 trillion. If Bitcoin were to reach a $3 trillion market cap, each coin would be valued at approximately $150,000.

Rank Name Market Cap Price Today Country
1 Gold $16.027 T $2,387 0.47% USA
2 Microsoft $3.151 T $424.01 1.91% USA
3 NVIDIA $3.011 T $1,224 5.16% USA
4 Apple $3.003 T $195.87 0.78% USA
5 Alphabet (Google) $2.177 T $177.07 1.11% USA
6 Amazon $1.886 T $181.28 1.08% USA
7 Saudi Aramco $1.837 T $7.59 0.89% S. Arabia
8 Silver $1.717 T $30.51 1.45% USA
9 Bitcoin $1.398 T $70,946 -0.31%
10 Meta Platforms (Facebook) $1.255 T $495.06 3.79% USA

Source: companiesmarketcap.com

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