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

Quick Take

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)

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.

Rank	Name	Market Cap	Price	Today	Country
1	Gold	$15.754 T	$2,346	-0.04%	USA
2	NVIDIA	$3.335 T	$135.58	3.51%	USA
3	Microsoft	$3.317 T	$446.34	-0.45%	USA
4	Apple	$3.285 T	$214.29	-1.10%	USA
5	Alphabet (Google)	$2.171 T	$176.45	-1.30%	USA
6	Amazon	$1.902 T	$182.21	-0.68%	USA
7	Saudi Aramco	$1.787 T	$7.39	-2.12%	S. Arabia
8	Silver	$1.664 T	$29.58	0.04%	USA
9	Bitcoin	$1.284 T	$65,320	-0.44%	USA
10	Meta Platforms (Facebook)	$1.266 T	$499.49	-1.41%	USA