Jun 5, 2024 - Economy

Charted: Nvidia breaks $3 trillion

A line chart that tracks the market caps of Apple, Nvidia, and Microsoft from January 3, 2023, to June 5, 2024. Nvidia's market cap increased from $352.15 billion to $3.01 trillion, passing Apple into second position today.
Data: YCharts; Chart: Axios Visuals

Nvidia shares are up over 740% since the start of 2023.

  • Today they ticked up again to a new record high, giving the company a $3 trillion+ market cap, passing Apple for second position.

The bottom line: AI has been good for the chip business.

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This story was an excerpt from Axios Closer, a recap on the day's biggest business stories.

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