Amazon becomes 5th US company to surpass $2T in market cap
What recent performance did Nvidia experience in the market?
Nvidia's recent performance in the market has been remarkable, with its stock soaring 258% over the past 12 months. The company's data center revenue reached $47.5 billion during its fiscal 2024 year, driven by the demand for its specialized AI chips. Nvidia's H100 GPU was the most sought-after AI hardware last year, and its dominance in the AI chip market has pushed its market cap to $2.7 trillion.
What is the current ranking of Microsoft and Apple in market cap?
Microsoft and Apple are among the top publicly traded companies in terms of market capitalization. As of the latest data, Microsoft has surpassed Apple, becoming the most valuable publicly traded company. However, Apple reclaimed the title of the world's largest company by market cap after an artificial intelligence-heavy conference sparked investor enthusiasm3. The ranking fluctuates based on stock performance and market conditions.
When did Amazon surpass $2 trillion in market cap?
Amazon surpassed $2 trillion in market capitalization on June 27, 2024. This milestone made it the fifth U.S. company to reach this valuation, joining the ranks of Apple, Alphabet, Microsoft, and Nvidia.