Nvidia has become the world’s most valuable company .
Nvidia has taken the place of Microsoft as the world’s most valuable company.
Its market capitalization increased to $3.335 trillion. Microsoft’s stock market value was $3.317 trillion.
Earlier, it overtook iPhone maker Apple and became the second most valuable company. Apple’s stock market value was $3.286 trillion.
Furthermore, Nvidia has emerged as Wall Street’s most traded company.
According to LSEG data, the average daily turnover was $50 billion recently.
The average daily turnover for Apple, Microsoft, and Tesla was roughly $10 billion each.
Currently, 16% of all trades in S&P 500 companies are made by Nvidia.
In just nine months, the company’s market worth increased from $1 trillion to $2 trillion in February, and it took slightly more than three months to reach $3 trillion in June.
Nvidia is an American multinational corporation and technology company.
