Nvidia Overtakes Microsoft to Become Most Valuable Public Company with $3.3 Trillion Market Cap

Taipei, Taiwan Taiwan, Province of China[a]
Competition from AMD, Intel and efforts from large customers to reduce dependence on Nvidia's chips
Data center revenue increased by 427% year over year to $22.6 billion
Expertise in producing chips for AI systems drives Nvidia's success
Nvidia becomes most valuable public company with market cap over $3.3 trillion
Nvidia Overtakes Microsoft to Become Most Valuable Public Company with $3.3 Trillion Market Cap

Nvidia, a leading technology company specializing in graphics processing units (GPUs) and system-on-chip units for gaming and professional markets, has surpassed Microsoft to become the most valuable public company in the world. With a market capitalization of over $3.3 trillion as of June 18, 2024, Nvidia now holds the title previously held by Microsoft and Apple.

Nvidia's rise to the top can be attributed to its unmatched expertise in producing chips that power artificial intelligence (AI) systems. The company's GPUs are widely used in data centers for AI applications, making it a key player in the rapidly growing AI market. Nvidia joined the ranks of tech giants Microsoft and Apple as one of the only US companies to cross a $3 trillion market cap earlier this month.

The chipmaker reported another blockbuster quarter with a 262% increase in revenue and a 461% increase in profits year-over-year. Nvidia's data center revenue increased by 427% year over year to $22.6 billion, accounting for 86% of the company's total revenue for the quarter.

Despite its success, Nvidia faces growing competition from companies like AMD and Intel, who are also pushing forward with their own AI chips. Additionally, some of Nvidia's largest customers such as Amazon, Google, and Microsoft are seeking to reduce their dependence on the company's chips to save on capital expenditures.

Nvidia's stock price has been on a tear for the last year and a half. Shares rose 3.7% on Tuesday afternoon, while Microsoft shares fell 0.5%, and Apple shares lost 1.4%. Nvidia completed a 10-for-1 stock split on June 7.

The surge in Nvidia's market value comes as the tech industry battles for the coveted top spot, with Apple briefly taking over from Microsoft earlier this month before slipping back below. The race for market dominance is expected to continue as these companies navigate the rapidly evolving technology landscape.


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Confidence

96%

Doubts
  • Are there any potential regulatory issues that could impact Nvidia's growth?
  • Is the competition from AMD and Intel a significant threat to Nvidia's market dominance?

Sources

100%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Nvidia passes Microsoft in market cap to become most valuable public company

CNBC News Kif Leswing Tuesday, 18 June 2024 17:03
  • Unique Points
    • Nvidia is the most valuable public company in the world with a market cap of $3.33 trillion.
    • Nvidia surpassed Microsoft to become the most valuable public company.
    • Jensen Huang, Nvidia’s CEO, is now the 11th wealthiest person in the world with a net worth of about $117 billion.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

99%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Nvidia overtakes Microsoft as most valuable stock in the world

Yahoo Finance Daniel Howley Tuesday, 18 June 2024 19:20
  • Unique Points
    • Nvidia's stock price rose nearly 4%, eclipsing $136 per share, giving the chipmaker a market capitalization over $3.35 trillion.
    • Nvidia overtook Microsoft as the most valuable company in the world just two weeks after it took the No. 2 spot from Apple.
    • Shares of Nvidia are up more than 215% over the last 12 months and more than 3,400% over the last five years.
    • Nvidia first crossed a $1 trillion market cap on June 13, 2023. The stock advanced north of $2 trillion on March 1, and then rapidly crossed the $3 trillion mark for the first time on June 5.
    • Nvidia's surge from a $1 trillion to a $3 trillion market cap was the fastest on record.
    • In the first quarter, Nvidia reported adjusted earnings per share of $6.12 on revenue of $26 billion, up 461% and 262%, respectively from the same period a year ago.
    • Nvidia's data center revenue in the most recent quarter increased 427% year over year to $22.6 billion, accounting for 86% of the company's total revenue for the quarter.
    • AMD and Intel are pushing forward with their own AI chips with the goal of outmaneuvering Nvidia.
    • Nvidia is also contending with growing competition from its own customers, as Amazon, Google, and Microsoft seek to wean themselves off of their dependence on the company's chips and save on capital expenditures.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (95%)
    The author makes several comparisons between Nvidia and other companies, but does not provide any fallacious reasoning or incorrect information. The author also provides factual information about the market capitalizations of various companies and their stock price movements. However, there are a few instances where the author uses inflammatory language to describe Nvidia's advance from a $1 trillion to a $3 trillion market cap as 'the fastest on record'. This is not an incorrect statement, but it could be perceived as an attempt to exaggerate Nvidia's achievement. Therefore, I am deducting 5 points for the use of inflammatory rhetoric.
    • Nvidia's surge has made it a top weighting in the S&P 500 (~GSPC), and the chipmaker has served a pivotal role in the benchmark index hitting record highs in 2024.
    • The company's advance from a $1 trillion to a $3 trillion market cap was the fastest on record.
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

97%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Nvidia (NVDA) Tops Microsoft (MSFT) to Become World’s Most Valuable Company

Bloomberg News Now Subrat Patnaik, Tuesday, 18 June 2024 19:20
  • Unique Points
    • Nvidia Corp's market capitalization has surpassed Microsoft Corp and Apple Inc.
    • Nvidia’s market capitalization reached approximately $3.3 trillion on Tuesday
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

99%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Nvidia surpasses Microsoft to become the largest public company in the US

CNN News Site: In-Depth Reporting and Analysis with Some Financial Conflicts and Sensational Language Krystal Hur Tuesday, 18 June 2024 17:39
  • Unique Points
    • Nvidia is the largest public company in the US with a market capitalization of $3.34 trillion
    • Nvidia's chips are unmatched in producing processors that power artificial intelligence systems
    • Nvidia joined the tech giants in becoming the only US companies to cross a $3 trillion market cap earlier this month
    • Nvidia posted yet another blockbuster quarter with a 262% increase in revenue and a 462% increase in profits year-over-year
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (95%)
    No ad hominem fallacies found. However, there are a few instances of appeals to authority and inflammatory rhetoric.
    • . . . Nvidia’s market capitalization rose to $3.34 trillion on Tuesday, edging past Microsoft’s $3.33 trillion value.
    • Nvidia shares rose 3.7% on Tuesday afternoon.
    • The chipmaker’s stock has been on a tear for the last year and a half.
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication