Jun 18, 2024 - Economy
Nvidia is the most valuable company in the world
Add Axios as your preferred source to
see more of our stories on Google.
On Thursday, Apple was the most valuable company in the world. On Monday, it was Microsoft. On Tuesday, for the first time ever, it was Nvidia.
Why it matters: Nvidia is a relative newcomer to the world of megacaps: It only broke through the $1 trillion barrier in mid-2023. Now it has eclipsed all of its competitors, thanks to broad excitement about artificial intelligence — which is overwhelmingly powered by Nvidia's chips.
