Nvidia overtakes Microsoft to become the most valuable company in the world
Microsoft has lost the title of the most valuable company in the world to another American company – processor manufacturer Nvidia. Writes about this with reference to exchange trading data RIA News.
Nvidia shares rose in price during trading to their highest level in the entire history of observations, $135.41 per share. The company’s market capitalization thus reached $3.328 trillion, which allowed it to overtake the well-known software manufacturer ($3.322 trillion). The top three most valuable companies with a result of 3.281 trillion dollars also includes Apple Corporation.
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It is noteworthy that the market value of the chip manufacturer exceeded two trillion dollars for the first time in history only in February of this year, and already in early June it surpassed the three trillion mark. In total, since the beginning of the year, Nvidia shares have risen in price by 2.7 times.
Apple was named the most valuable brand for the third year in a row. According to the BrandZ Top 100 Most Valuable Global Brands report, its value has grown by 15 percent over the past year to reach 1.016 trillion. The top three also included Google ($753.5 billion) and Microsoft ($712.9 billion).
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