Nvidia's market cap surpasses Microsoft to become world's most valuable company

Chipmaker's market cap passed $3 trillion mark June 5 to overtake Apple as world's 2nd most valuable firm

By Ovunc Kutlu

ISTANBUL (AA) - Nvidia's market cap surpassed Microsoft's on Tuesday as the chipmaker became the world's most valuable company.

The stock price of the California-based chipmaker climbed 3.23% to $135.21 at 1.10 p.m. EDT, giving it a market capitalization of $3.33 trillion.

Microsoft's stock price was trading around $447.21 with a daily loss of 0.26% with a market cap of $3.32 trillion.

Nvidia's market cap passed the $3 trillion mark June 5 to overtake Apple as the second most valuable company in the world at the closing bell on Wall Street.

With the feat, Nvidia became the third company in the US to hit the milestone after Apple and Microsoft, respectively.

Apple's stock was down 1.3% to $213.88 with a market value of $3.28 trillion.

Kaynak:

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