Nvidia has once again taken the crown as the world’s most valuable company, closing June with a market capitalization of $3.86 trillion, outpacing Microsoft’s $3.69 trillion.
The surge is fueled by renewed investor confidence in Nvidia’s leadership in artificial intelligence and growing demand for its AI chips.
While Nvidia has now surpassed Microsoft, it still trails behind Apple’s record of $3.92 trillion set in December 2024. Apple ranked third at the end of June with a market cap of $3.1 trillion.
Other tech giants also saw notable gains last month. Meta Platforms rose 14% to reach $1.86 trillion, Broadcom climbed 13.9% to $1.3 trillion, and Amazon increased by 7% to hit $2.33 trillion in value. However, Tesla’s market cap dropped 8.3% to $1.02 trillion, weighed down by CEO Elon Musk’s ongoing public feud with U.S. President Donald Trump.
According to Wedbush Securities analyst Daniel Ives, both Nvidia and Microsoft are expected to enter the $4 trillion market cap club this summer. “The focus will shift to the $5 trillion club over the next 18 months,” Ives said, emphasizing that the AI-driven tech bull market is still in its early stages.
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