The stock price of NVIDIA continues to rise last night, setting a new milestone with a market capitalization of $3.652 trillion dollars. This marks the first time a company in the US stock market has surpassed the $3.6 trillion dollar mark, the highest ever recorded.
Prior to this, NVIDIA had recently surpassed Apple in market capitalization, reclaiming its position as the most valuable company in the world once again. Apple had previously held the record for the highest market capitalization at $3.57 trillion dollars on October 21st. Currently, Apple’s market capitalization stands at $3.439 trillion dollars. Another high-valued company, Microsoft, currently sits at $3.163 trillion dollars.
One contributing factor is the S&P 500 Technology index, which has increased by over 4% in the past two days following Donald Trump’s victory in the US Presidential election.
Source: Reuters
TLDR: NVIDIA’s stock price continues to soar, reaching a market capitalization of $3.652 trillion dollars, surpassing Apple as the most valuable company in the US stock market.
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