Overview

• During July 3 trading, Nvidia briefly reached a market capitalization of $3.92 trillion, eclipsing Apple’s prior record of $3.915 trillion.
• At the close, its market cap settled at $3.89 trillion, positioning Nvidia ahead of Microsoft’s valuation.
• Investor optimism over artificial intelligence and anticipated data center buildouts has underpinned the chipmaker’s market surge.
• The company is on track to become the first to exceed a $4 trillion valuation.
• EY’s end-of-June ranking places SAP as Europe’s top firm at $354 billion, while Rheinmetall’s value quadrupled to $96 billion and Siemens Energy’s doubled to $91 billion.