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Chipmaker Nvidia is now world's most valuable company
Nvidia
Photo Courtesy: ShareAlike 4.0 International/Wikimedia Commons

Chipmaker Nvidia is now world's most valuable company

| @indiablooms | 19 Jun 2024, 09:02 am

Chipmaking major Nvidia has become the world's most valuable company after its stocks reached all-time high on Tuesday, media reports said.

The stock ended the trading day at nearly $136, up 3.5%, making it more valuable than Microsoft, reported BBC.

It had overtaken Apple recently.

The firm's market capitalization closed at roughly  $3.34 trillion on Tuesday.

It moved ahead of IT major Microsoft whose value is $3.32 trillion.

Apple remains the third most valuable company in the USA with $3.27 trillion market cap.

Nvidia shares closed 3.5% higher on Tuesday. Microsoft shares fell 0.5% and Apple shares lost 1.1%. Nvidia earlier this month joined the tech giants in becoming the only US companies to cross a $3 trillion market cap, reported CNN.

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