According to Odaily Planet Daily, on November 5, Nvidia's stock price rose by about 2.84%, and its market value reached 3.43 trillion US dollars, surpassing Apple's 3.38 trillion US dollars and Microsoft's 3.06 trillion US dollars.
Apple shares failed to recover from a late October slump after its sales outlook and fiscal fourth-quarter earnings fell short of expectations, while Microsoft shares had one of their worst trading days in two years after it cut its fourth-quarter guidance for 2024.
Nvidia's shares have nearly tripled this year, helped by strong sales growth and investments in accelerated computing and generative artificial intelligence.