Microsoft, Apple Step Aside: Nvidia Is Now The Most Valuable Public Company In The World
Portfolio Pulse from Adam Eckert
Nvidia Corp (NASDAQ:NVDA) has become the most valuable public company in the world, surpassing Microsoft Corp (NASDAQ:MSFT) and Apple Inc (NASDAQ:AAPL) due to its significant gains driven by the AI boom. Nvidia's market cap reached $3.33 trillion, with its stock up over 170% year-to-date. Analysts remain bullish on Nvidia, with Wells Fargo and Rosenblatt raising their price targets. Microsoft and Apple have also benefited from the AI trend but to a lesser extent.
June 18, 2024 | 6:10 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Apple has been overtaken by Nvidia in market cap. Despite benefiting from the AI boom, Apple's stock is up only 11% year-to-date, significantly less than Nvidia's 170%.
Apple's stock has seen gains due to the AI trend but not to the extent of Nvidia. The news of being surpassed may have a neutral short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50
NEUTRAL IMPACT
Microsoft has been surpassed by Nvidia as the most valuable public company. While Microsoft has benefited from the AI boom, its stock is up only 19% year-to-date compared to Nvidia's 170%.
Microsoft's stock has seen gains due to the AI trend but not to the extent of Nvidia. The news of being surpassed may have a neutral short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Nvidia has become the most valuable public company in the world, driven by strong demand for its AI chips. The stock is up over 170% year-to-date, and analysts remain bullish with increased price targets.
Nvidia's significant gains and market cap growth are directly tied to the AI boom, making it the most valuable public company. Analysts' bullish outlook further supports a positive short-term impact on the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100