Companies

NVIDIA (NVDA) Joins Tech Titans Apple (AAPL) and Microsoft (MSFT) in the $3 Trillion Market Cap Club

Published June 6, 2024

In a landmark achievement, NVIDIA Corporation NVDA has soared to a market capitalization of $3 trillion, aligning with tech giants Apple Inc. AAPL and Microsoft Corporation MSFT as one of the few companies to ever reach this pinnacle of valuation. The surge in NVDA's stock propelled it into this exclusive bracket after a significant 5% increase in share price at the close of Wednesday's trading session.

The Ascent of NVIDIA

NVDA, an influential player known for its exceptional graphics processing units (GPUs) and systems on chip units (SoCs), has been a trailblazer in the field of AI and gaming. The company's expansive footprint extends from the gaming industry through to automotive and mobile computing applications, clearly reflecting its dynamic approach to innovation and market adaptation.

Microsoft's Steady Supremacy

MSFT isn't just a household name for its Windows operating system or Office suite; it's a formidable force in the tech world. Its diverse portfolio featuring products like Xbox consoles and Surface PCs has cemented its reputation as a cornerstone of technology, boasting an impressive milestone as the largest software maker by revenue as of 2016. Moreover, it has been included in the top tiers of the Fortune 500 U.S. corporations.

Apple's Dominance in Tech

Joining the upper echelons of tech companies, AAPL is the embodiment of success in the industry. Not only is it recognized as the world's largest technology company by revenue, but its impact is felt across various segments from smartphones to PCs. AAPL's standing as a member of the elusive Big Five tech companies of the U.S. alongside MSFT, underlines its profound influence and market leadership.

NVDA, AAPL, MSFT