NVIDIA is just the 12th company ever to lead the S&P 500

Quick Take
NVIDIA has become the most valuable company globally, boasting a market cap of $3.335 trillion. This milestone surpasses Microsoft’s $3.317 trillion and Apple’s $3.285 trillion, marking a significant shift in the tech landscape. NVIDIA’s stock has surged 182% year-to-date and an astonishing 342,000% since its inception, driven by consistently impressive quarterly earnings and strong market performance.
NVIDIA YTD Performance vs BTCUSD: (Source: TradingView)
This remarkable achievement coincides with Apple’s recent announcement of integrating AI technology with OpenAI, signaling a competitive landscape in tech innovation.
According to the Financial Times, the last time a US company outvalued both Microsoft and Apple was in 2011, when ExxonMobil held the top spot.
“Nvidia is just the 12th company ever to lead the S&P 500 since its inception in 1926,”
NVIDIA’s rapid growth is marked by hitting a market cap of $1 trillion in June 2023, reaching $2 trillion in March 2024, and surpassing $3 trillion in June 2024.

Rank
Name
Market Cap
Price
Today
Country

1
Gold
$15.754 T
$2,346
-0.04%
USA

2
NVIDIA
$3.335 T
$135.58
3.51%
USA

3
Microsoft
$3.317 T
$446.34
-0.45%
USA

4
Apple
$3.285 T
$214.29
-1.10%
USA

5
Alphabet (Google)
$2.171 T
$176.45
-1.30%
USA

6
Amazon
$1.902 T
$182.21
-0.68%
USA

7
Saudi Aramco
$1.787 T
$7.39
-2.12%
S. Arabia

8
Silver
$1.664 T
$29.58
0.04%
USA

9
Bitcoin
$1.284 T
$65,320
-0.44%
USA

10
Meta Platforms (Facebook)
$1.266 T
$499.49
-1.41%
USA

Source: companiesmarketcap.com

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