This tech entity surpasses Microsoft, Apple, Amazon to become world's most valuable company, it is..., total market value is...
(Representational image: freepik)
New Delhi: Nvidia, the American multinational IT company, has raced ahead of the tech giant Microsoft to become the most valuable company in the world after a rise in its share price. The stocks of the chipmaker company witnessed a rise of over 4%, taking its total market value to about $3.7 trillion. With Nvidia at the top, Microsoft is now the second-most valuable firm globally with a market value of $3.6 trillion. What turned the tides?
Nvidia's shares climbed by 4% to close at $154.31 each on June 25. According to reports, this was made possible by the confidence of investor's that China's export restrictions would not derail Nvidia's dominant position in the field of artificial intelligence (AI). June 25 gains mark the second time this month that Nvidia has overtaken Microsoft in market cap. While Nvidia and Microsoft are at the first and second place respectively, Apple is at the third place with a market capitalisation of around $3 trillion.
Interestingly, Microsoft happens to be one of Nvidia's major clients. Nvidia's CEO's optimism
The rally came on the back of an upbeat commentary from the company's CEO Jensen Huang at the company's annual shareholder meeting. Huang assured investors that AI-related demand remains strong and emphasised that the computer industry is still in the early innings of a sweeping AI infrastructure transformation. He also added that other than AI, robotics is the company's biggest growth opportunity, reports www.outlookbusiness.com. Loop Capital's role
Loop Capital has raised target price on Nvidia shares to $250 from $175 apiece while maintaining its 'buy' call on the stock. The brokerage attributed the bullish stance to the company's positioning of benefitting from a 'Golden Wave' of AI adoption, according to a report by Reuters.
For the May–July period, the chipmaker is expecting another stellar quarter which might rake in a revenue of around $45 billion. Demand for AI
Experts say that Nvidia's rise is very likely to be due to the GPU-based AI accelerators, which have become central to AI infrastructure across industries. Companies such as OpenAI, Microsoft, Meta, Google, Amazon, Oracle and Elon Musk's xAI are deploying Nvidia hardware for their generative AI and machine learning workloads, says www.business-standard.com. Global market capitalisation rankings as of early June 2025 are as follows:
Nvidia: $3.45 trillion
Microsoft: $3.44 trillion
Apple: Nearing $4 trillion (currently third due to daily share fluctuations)
Alphabet (Google): $2.3 trillion
Amazon: $2.3 trillion
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