weenz miguelJun 191 min readNvidia's S$4.49 trillion market valuation makes it the most valuable corporation in the world.According to Reuters, on June 18 (U.S. time), Nvidia overtook Microsoft as the most valuable corporation in the world.Market capitalization of the chipmaker increased to US$3.326 trillion (S$4.49 trillion) as shares surged 3.2% to US$135.21 (S$182.70).As of this writing, it was trading at US$136.12 (S$183.93).The spike in shares caused the stock to reach a new high and increased Nvidia's market capitalization by nearly US$103 billion (S$139.2 billion) on Tuesday.It surpassed Apple, the firm that makes the iPhone, a few days ago to take the second place in terms of value.At a dizzying speed, the summit has been achieved.The stock has increased by around 173% in 2024 alone, while Microsoft shares have increased by almost 19%.With the recent 10-for-1 stock split that went into effect on June 7, Nvidia made it more inexpensive for individual investors to purchase a part of the company.In just nine months, in February, the company's market value increased from US$1 trillion (S$1.35 trillion) to US$2 trillion (S$2.7 trillion), and it took just over three months to reach US$3 trillion (S$4.05 trillion) in June.Nvidia chips are still essential to the advancement of artificial intelligence.
According to Reuters, on June 18 (U.S. time), Nvidia overtook Microsoft as the most valuable corporation in the world.Market capitalization of the chipmaker increased to US$3.326 trillion (S$4.49 trillion) as shares surged 3.2% to US$135.21 (S$182.70).As of this writing, it was trading at US$136.12 (S$183.93).The spike in shares caused the stock to reach a new high and increased Nvidia's market capitalization by nearly US$103 billion (S$139.2 billion) on Tuesday.It surpassed Apple, the firm that makes the iPhone, a few days ago to take the second place in terms of value.At a dizzying speed, the summit has been achieved.The stock has increased by around 173% in 2024 alone, while Microsoft shares have increased by almost 19%.With the recent 10-for-1 stock split that went into effect on June 7, Nvidia made it more inexpensive for individual investors to purchase a part of the company.In just nine months, in February, the company's market value increased from US$1 trillion (S$1.35 trillion) to US$2 trillion (S$2.7 trillion), and it took just over three months to reach US$3 trillion (S$4.05 trillion) in June.Nvidia chips are still essential to the advancement of artificial intelligence.
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