Quick Take
On June 5, 2024, the Nasdaq and S&P 500 reached unprecedented heights, closing at 19,035 and 5,354, respectively. However, the standout story of the year has been NVIDIA’s phenomenal performance. NVIDIA’s stock has surged by 154% year-to-date and an astonishing 3,200% over the past five years.
June 5 marked a significant milestone as NVIDIA’s market capitalization soared to $3 trillion, placing it in the elite company of Apple and Microsoft. NVIDIA also surpassed Apple in market cap, closing at $3.011 trillion. NVIDIA is roughly 5% shy of Microsoft’s $3.151 trillion valuation, which would make it the biggest company in the world.
To contextualize NVIDIA’s meteoric rise, consider Bitcoin, which currently holds a market cap of $1.4 trillion. If Bitcoin were to reach a $3 trillion market cap, each coin would be valued at approximately $150,000.
| Rank | Name | Market Cap | Price | Today | Country |
|---|---|---|---|---|---|
| 1 | Gold | $16.027 T | $2,387 | 0.47% | USA |
| 2 | Microsoft | $3.151 T | $424.01 | 1.91% | USA |
| 3 | NVIDIA | $3.011 T | $1,224 | 5.16% | USA |
| 4 | Apple | $3.003 T | $195.87 | 0.78% | USA |
| 5 | Alphabet (Google) | $2.177 T | $177.07 | 1.11% | USA |
| 6 | Amazon | $1.886 T | $181.28 | 1.08% | USA |
| 7 | Saudi Aramco | $1.837 T | $7.59 | 0.89% | S. Arabia |
| 8 | Silver | $1.717 T | $30.51 | 1.45% | USA |
| 9 | Bitcoin | $1.398 T | $70,946 | -0.31% | |
| 10 | Meta Platforms (Facebook) | $1.255 T | $495.06 | 3.79% | USA |
Source: companiesmarketcap.com
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.
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