2024-6-6 13:39 |
Quick Take
On June 5, 2024, the Nasdaq and S&P 500 reached unprecedented heights, closing at 19,035 and 5,354, respectively. However, the standout story of the year has been NVIDIA’s phenomenal performance. NVIDIA’s stock has surged by 154% year-to-date and an astonishing 3,200% over the past five years.
SPX, Nasdaq, NVIDIA: 2019-2024: (Source: TradingView)June 5 marked a significant milestone as NVIDIA’s market capitalization soared to $3 trillion, placing it in the elite company of Apple and Microsoft. NVIDIA also surpassed Apple in market cap, closing at $3.011 trillion. NVIDIA is roughly 5% shy of Microsoft’s $3.151 trillion valuation, which would make it the biggest company in the world.
To contextualize NVIDIA’s meteoric rise, consider Bitcoin, which currently holds a market cap of $1.4 trillion. If Bitcoin were to reach a $3 trillion market cap, each coin would be valued at approximately $150,000.
Rank Name Market Cap Price Today Country 1 Gold $16.027 T $2,387 0.47% USA 2 Microsoft $3.151 T $424.01 1.91% USA 3 NVIDIA $3.011 T $1,224 5.16% USA 4 Apple $3.003 T $195.87 0.78% USA 5 Alphabet (Google) $2.177 T $177.07 1.11% USA 6 Amazon $1.886 T $181.28 1.08% USA 7 Saudi Aramco $1.837 T $7.59 0.89% S. Arabia 8 Silver $1.717 T $30.51 1.45% USA 9 Bitcoin $1.398 T $70,946 -0.31% 10 Meta Platforms (Facebook) $1.255 T $495.06 3.79% USASource: companiesmarketcap.com
The post NVIDIA edges closer to becoming world’s most valuable company appeared first on CryptoSlate.
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