According to Odaily, Nvidia, a leading player in artificial intelligence technology, saw its stock price rise nearly 3% on November 5, surpassing competitors Apple and Microsoft to regain its position as the world's most valuable company. Nvidia's stock increased by approximately 2.84%, bringing its market capitalization to $3.43 trillion. In comparison, Apple's market value stood at $3.38 trillion, while Microsoft's was $3.06 trillion.
Apple's stock has yet to recover from a slump in late October, which was triggered by weaker-than-expected sales forecasts and disappointing fourth-quarter earnings. Similarly, Microsoft experienced one of its worst trading days in two years after lowering its performance expectations for the fourth quarter of 2024, and its stock has not yet bounced back.
Meanwhile, Nvidia's stock has nearly doubled this year, driven by robust sales growth and the company's ongoing investments in accelerated computing and generative artificial intelligence.