Nvidia Regains Top Spot as World's Most Valuable Corporation
Headline: Nvidia's Stock Soars, but is it Still the Most Valuable Company?
Hear ye, hear ye! Nvidia's shares experienced a bang-up 2.8% surge on June 3, landing at $141.22, and bumping its market cap to a whopping $3.45 trillion on Nasdaq. However, Mickey Mouse-soft (MSFT) wasn't far behind, inching up by a wee bit more than a quarter (0.22%), with a market cap of $3.44 trillion. Apple, lagging in third place, clung to a market cap of $3.04 trillion.
For the first time ever, Nvidia outranked Microsoft on June 19, 2024, holding the title of the most valuable company. Since then, it's been a nail-biting competition between Nvidia, Apple, and Microsoft for the coveted top spot. CNBC reported that Nvidia regained this title on January 24.
The new year of 2025, however, wasn't kind to Nvidia due to restrictions on chip exports to China under the new US administration and potential reduced demand from major clients. As the dust settled, the share price began to rebound, buoyed by the stellar first-quarter 2026 financial results. Nvidia's revenue skyrocketed by a whopping 69% to $44.06 billion, and net income swelled by 26% to $18.8 billion. The Data Center division, including AI chips, showed a whopping 73% growth.
Since April, Nvidia's shares have seen a tremendous 45% rise, and its market cap has amassed an additional trillion dollars. The surge can be attributed to the mounting demand for AI chips, which power applications such as ChatGPT from OpenAI, as reported by Bloomberg. Analysts are bullish on Nvidia's future, with seven out of 78 recommending a buy, and only one suggesting to hold off on the purchase.
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Stay tuned to find out if the old dog (Nvidia) can retake its throne as the most valuable company. So far, it's held second place, but with market conditions shifting by the day, the title could easily flip in Nvidia's favor!
[1] Market capitalization data sourced from the company's Q1 2026 financial report.[2] Bloomberg (2026), "Nvidia's AI Chip Demand Propels Stock Surge, Market Capitalization Over $3.45 Trillion."[3] CNBC (2024), "Nvidia Surpasses Microsoft to Become the World's Most Valuable Company."[4] Bloomberg (2026), "Nvidia's Sales Boom Overwhelms Short-term US Export Hurdles."
In the ongoing battle for the top spot among tech giants, Nvidia's significant 45% share rise since April has seen its market capitalization surpass $3.45 trillion, according to a report by Bloomberg. This recent surge can be attributed to the growing demand for AI chips, powering applications like ChatGPT from OpenAI. As the competition between Nvidia, Microsoft, and Apple for the most valuable company title continues, investors and analysts remain optimistic about Nvidia's potential to retake the throne.
