In the artificial intelligence (AI) era, Nvidia has become the world’s largest company by market capitalization, surpassing Apple.
At the close of the market late Tuesday, Nvidia was valued at $3.43 trillion, surpassing Apple’s $3.38 trillion market value.
Jensen Huang-led Nvidia for the first time pushed past Apple in June, though only for a day.
The company’s stock rose 2.9 percent to $139.93, resulting in a market capitalization of $3.43 trillion. The chipmaker now accounts for 7 percent of the weight of the S&P 500 Index.
Microsoft currently has a market cap of $3.06 trillion.
In its second quarter ended July 28, Nvidia reported revenue of $30 billion, up 15 percent from the previous quarter and 122 percent from a year ago.
“Hopper demand remains strong, and the anticipation for Blackwell is incredible,” said Huang. “Nvidia achieved record revenues as global data centers are in full throttle to modernize the entire computing stack with accelerated computing and generative AI.”
During the first half of fiscal 2025, the chipmaker returned $15.4 billion to shareholders in the form of shares repurchased and cash dividends. As of the end of the second quarter, the company had $7.5 billion remaining under its share repurchase authorization.
The company’s outlook for the third quarter of fiscal 2025 predicts revenue to be $32.5 billion, plus or minus 2 percent.
Nvidia will host a conference call on November 20 to discuss its financial results for the third quarter of fiscal year 2025, which ended October 27.
Ahead of the call, it will provide written commentary on its third-quarter results from its chief financial officer, Colette Kress.
