Nvidia has become the most expensive company in the world, overtaking Microsoft, reported ag. Reuters. The share price rose 3.2% to USD 135.21. The chipmaker's market capitalization was $3.33 trillion. USD.
On June 12, The Wall Street Journal reported that Apple has become the most valuable company in the country, overtaking Microsoft.
It was previously reported that the value of Microsoft, Nvidia and Apple for the first time since 2000 amounted to more than 20% of the value of the S&P 500 index Bespoke Investment Group explains, meaning that just three stocks are worth more than the combined stocks of the hundreds of other companies that make up the index.
Investors point to negative factors associated with this trend. Fairlead Strategies founder Katie Stockton said the strength of the three companies shows weakness in many other areas of the market.