Nvidia's market value has reached 3.43 trillion US dollars, surpassing Apple and Microsoft to become the company with the highest market value globally

The stock price of AI tech giant Nvidia rose nearly 3% on November 5, surpassing competitors Apple and Microsoft to reclaim the title of the world's highest market value company. Nvidia's stock price increased by approximately 2.84% that day, with a market value reaching $3.43 trillion, while Apple was at $3.38 trillion and Microsoft at $3.06 trillion.

Apple's stock price has not yet recovered from its slump in late October, as the company's sales outlook was weaker than expected and fourth-quarter earnings were also below expectations; moreover, after Microsoft lowered its Q4 2024 earnings forecast, it experienced one of its worst trading days in two years and has not yet recovered. Meanwhile, thanks to strong sales growth and the company's continued investment in accelerated computing and generative artificial intelligence, Nvidia's stock price has nearly doubled this year.