- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
NVIDIA Passes Apple to Become World's Second Most Valuable Publicly Traded Company
Tech behemoth NVIDIA has seen its share price surge 147 percent year-to-date, following a 239 percent increase in 2023.
![Stock chart moving up.](https://investingnews.com/media-library/stock-chart-moving-up.jpg?id=52433532&width=1200&height=800&quality=80&coordinates=0%2C0%2C0%2C0)
NVIDIA (NASDAQ:NVDA) officially became the second most valuable publicly traded company in the world on Wednesday (June 5), overtaking Apple (NASDAQ:AAPL) as its market cap exceeded the US$3 trillion mark.
This places NVIDIA just behind Microsoft (NASDAQ:MSFT), whose market cap stands at US$3.15 trillion.
The company’s meteoric rise, which has now taken its share price to more than US$1,200, has been fueled by a wave of demand for technologies related to artificial intelligence (AI), which has seen a surge in interest since 2023.
NVIDIA's dominance in the AI chip industry is evident, with the company reportedly accounting for around 70 to 95 percent of the market for AI chips that are used to train and deploy tools like OpenAI's ChatGPT.
The company's quarterly revenue reflects this growth, with US$26 billion reported in its first fiscal quarter of 2025. That's up 18 percent from the previous quarter and 262 percent year-on-year.
NVIDIA's share price has surged 147 percent year-to-date, following a 239 percent increase in 2023.
Its recent rise has also contributed to broader market trends. Both the S&P 500 (INDEXSP:.INX) and Nasdaq Composite (INDEXNASDAQ:.IXIC) hit record highs on Wednesday, buoyed by the optimism surrounding AI and NVIDIA.
NVIDIA was founded in 1993 and initially focused on producing graphics processing units (GPUs) for the gaming industry. Over the years, the company has diversified its product offerings to serve the machine learning and AI markets.
In March, the company announced the debut of Blackwell, a brand-new line of AI GPUs that promises a seismic leap in computing power compared to its predecessor, the Hopper H100. NVIDIA’s upcoming AI chip platform, Rubin, is slated for release in 2026. This platform will succeed the recently announced Blackwell chip.
The company has also announced a 10-for-one stock split, set to take effect after market close on Thursday (June 7). This move is designed to make NVIDIA more accessible to a broader range of investors by reducing its price per share.
Investors will get nine additional shares for each share held, with the split-adjusted shares starting to trade on June 10.
Don't forget to follow us @INN_Technology for real-time updates!
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.Â
Giann Liguid is a graduate of Ateneo De Manila University with an AB in Interdisciplinary Studies. With a diverse writing background, Giann has written content for the security, food and business industries. He also has expertise in both the public and private sectors, having worked in the government specializing in local government units and administrative dynamics. When he is not chasing the next market headline, Giann can most likely be found thrift shopping for his dogs.
Learn about our editorial policies.