Nvidia has officially taken the top spot as the world’s most valuable publicly traded company, surpassing Microsoft and Apple in market capitalization. As ot today, June 10, the company’s market capitalization stands at $3.510 trillion — the second most valuable asset in the world behind gold.
Nvidia’s rise to the top has been driven by several key factors. The company dominates the AI chip market, supplying advanced processors to firms like OpenAI, Meta, and Google.
Its latest earnings report showed $44.1 billion in revenue, a 69% year-over-year increase, despite losing $2.5 billion in sales due to U.S. export restrictions. Meanwhile, institutional adoption has strengthened Nvidia’s position, with major cloud providers like Microsoft, AWS, and Google Cloud integrating its AI chips into their infrastructure.
The company si enjoying a flourishing markett in artificial intelligence, while also having little to no competition in the field. Overall, Nvidia holds over 90% of the AI chip market, giving it strong leverage over the industry.
Stock Market Ressurgence
This milestone comes during one of the most historic market recoveries in recent decades. Over the last 41 trading sessions, the S&P 500 has surged 20.4%, marking its third-best run this century as detailed by The Kobeissi Letter.
Meanwhile, the Nasdaq 100 has climbed 27.3%, its third-biggest rally since 2002. Only 2008 and 2020 saw sharper rebounds in such a short period.
A clear explanation for this performance is that volatility revolving around Trump’s tariffs caused stocks to become extremely volatile, eventually leading most of them to become undervalued during its lowest point.
Tomorrow we can expect to see what the U.S. and China officials are leaving with after the major meeting happening this week between the two nations. If negotiators reach a meaningful agreement, markets could see further stability, but if talks stall, volatility may persist as investors react to ongoing tariff uncertainty.
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