NVIDIA Surpasses Apple in Market Capitalization, Hits New High

TapTechNews June 6th news. On Wednesday (June 5th) Eastern Time, the share price of NVIDIA rose by more than 5%, hitting a new historical high. Its market capitalization exceeded 3 trillion US dollars, surpassing Apple to become the world's second-highest-valued company, second only to Microsoft.

By the close, the share price of NVIDIA increased by 5.16% to $1224.4 per share, and its market capitalization was $3.01 trillion (TapTechNews note: currently about 21.8 trillion Chinese yuan). This was the first time that NVIDIA broke through the $3 trillion mark and became the third company to achieve this milestone after Apple and Microsoft.

The share price of Apple rose by 0.78%, and its market capitalization returned to 3 trillion US dollars (currently about 21.73 trillion Chinese yuan). The share price of Microsoft rose by 1.91%, and its market capitalization was $3.15 trillion (currently about 22.82 trillion Chinese yuan) and remained the world's highest-valued company.

The share price of NVIDIA has risen by more than 147% so far this year, and last year it increased by nearly 240% overall.