Nvidia becomes world's most valuable company, number 2 is....
Nvidia
has become the world's most valuable publicly traded company, overtaking
Microsoft
on Tuesday, June 3. The chipmaker's stock rose nearly 3% to $141.40, pushing its market value to $3.45 trillion. Microsoft, by comparison, ended the day with a market cap of $3.44 trillion.
This isn't the first time Nvidia has topped the list. The company has been swapping places with Apple and Microsoft since June last year, and last held the top spot on January 24.
Nvidia's rapid growth comes largely from its dominance in
artificial intelligence chips
, which are widely used in training advanced AI systems like ChatGPT. Big tech companies including Microsoft, Google, Amazon, Meta, Oracle, and Elon Musk's xAI have been buying Nvidia's AI chips in large numbers to power massive data centers.
Last week, Nvidia reported strong earnings with sales of $44.06 billion in the first quarter — a 69% jump compared to the same time in 2024.
When Nvidia CEO said starting a company is harder than it seems
Nvidia CEO Jensen Hunag, along with Chris Malachowsky and Curtis Priem, founded Nvidia in 1993. Speaking on the Acquired Podcast recently, Huang was asked what type of company he would start if he had the chance to do it all over again. Responding to the question, he replied 'I wouldn't'. Adding further, he stated "Building a company and building Nvidia turned out to have been a million times harder than any of us expected it to be'.
He continued: 'And at the time, if we realized the pain and suffering and just how vulnerable you're going to feel and the challenges that you're going to endure, the embarrassment and the shame, and the list of all the things that go wrong—I don't think anybody would start a company. Nobody in their right mind would do it'.
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