Reported about 1 year ago
On June 18, 2024, NVIDIA officially surpassed Microsoft to become the world's largest publicly traded company by market value! Nvidia's stock price surged 3.51% to $135.58 at the close of the U.S. stock market on the 18th, giving it a market value of $3.33 trillion, exceeding Microsoft's $3.31 trillion. CEO Huang Renxun's assets rose $4 billion in a day, currently worth $118.7 billion, ranking him 11th on the Forbes rich list. NVIDIA's recent surge is mainly driven by the increased demand for AI chips, with NVIDIA's high-end chip market share close to 90%, almost monopolizing the market. NVIDIA's stock split also attracted more retail investors, further boosting its stock price.
Source: YAHOO