NVIDIA is just the 12th company ever to lead the S&P 500

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NVIDIA has become the most valuable company globally, boasting a market cap of $3.335 trillion. This milestone surpasses Microsoft’s $3.317 trillion and Apple’s $3.285 trillion, marking a significant shift in the tech landscape. NVIDIA’s stock has surged 182% year-to-date and an astonishing 342,000% since its inception, driven by consistently impressive quarterly earnings and strong market performance.

NVIDIA YTD Performance vs BTCUSD: (Source: TradingView)
NVIDIA YTD Performance vs BTCUSD: (Source: TradingView)

This remarkable achievement coincides with Apple’s recent announcement of integrating AI technology with OpenAI, signaling a competitive landscape in tech innovation.

According to the Financial Times, the last time a US company outvalued both Microsoft and Apple was in 2011, when ExxonMobil held the top spot.

“Nvidia is just the 12th company ever to lead the S&P 500 since its inception in 1926,”

NVIDIA’s rapid growth is marked by hitting a market cap of $1 trillion in June 2023, reaching $2 trillion in March 2024, and surpassing $3 trillion in June 2024.

RankNameMarket CapPriceTodayCountry
1Gold$15.754 T$2,346-0.04%USA
2NVIDIA$3.335 T$135.583.51%USA
3Microsoft$3.317 T$446.34-0.45%USA
4Apple$3.285 T$214.29-1.10%USA
5Alphabet (Google)$2.171 T$176.45-1.30%USA
6Amazon$1.902 T$182.21-0.68%USA
7Saudi Aramco$1.787 T$7.39-2.12%S. Arabia
8Silver$1.664 T$29.580.04%USA
9Bitcoin$1.284 T$65,320-0.44%USA
10Meta Platforms (Facebook)$1.266 T$499.49-1.41%USA

Source: companiesmarketcap.com

The post NVIDIA is just the 12th company ever to lead the S&P 500 appeared first on CryptoSlate.

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