Trillion-dollar tech titans Microsoft, Apple, and Nvidia have reached unprecedented heights, surpassing the combined market capitalization of major stock exchanges and even entire countries.
Fuelled by the surge of artificial intelligence (AI), these companies have seen astronomical growth in valuation. Microsoft’s strategic investments in OpenAI and integration of AI features across its offerings have propelled its shares to record highs, boasting a 15% increase in six months on the NASDAQ.
Meanwhile, Apple faced challenges such as cooling iPhone demand in China and a hefty fine from the EU. Despite this, Apple shares rebounded with a 7% climb in just a month, driven by renewed investor confidence. Although iPhone sales dipped in China by 8% in the first quarter, European markets remained a stronghold for the tech giant.
Not to be outdone, Nvidia has emerged as a standout in the AI realm, witnessing a staggering 160% surge in its stock over six months. With its cutting-edge products catering to data center operations specializing in AI computing, Nvidia became the first computer chip firm to breach the $3 trillion market capitalization milestone.
Collectively, the trio of tech giants now commands a market capitalization of $9.2 trillion, surpassing not only individual stock exchanges but also entire countries like China. Remarkably, Apple was the first U.S. company to achieve a $3 trillion market cap in January 2022, followed by Microsoft in 2024 and Nvidia in February 2024.
Looking ahead, Nvidia’s CEO, Jensen Huang, remains bullish, citing favorable conditions for sustained growth in 2025 and beyond. With continued demand for its GPUs driven by generative AI and a shift away from central processors, Nvidia shows no signs of slowing down.