Nvidia has once again soared to the top, becoming the world’s most valuable company in June, propelled by a wave of optimism surrounding its dominance in the artificial intelligence sector.
While a monumental achievement, Nvidia has not yet surpassed Apple’s record market value of approximately $3.92 trillion, set in late 2022. The AI boom also lifted other tech giants, such as Meta, Broadcom, and Amazon, which all saw significant gains.
In stark contrast, Tesla’s market value fell by 8.3% to $1.02 trillion after CEO Elon Musk’s public feud with President Donald Trump soured investor sentiment.
Wall Street analysts believe this is just the beginning of a new tech bull market. Daniel Ives of Wedbush Securities predicts that both Nvidia and Microsoft will join the exclusive $4 trillion club this summer.
He sees the tech market, driven by what he calls the “AI Revolution,” pushing them towards a staggering $5 trillion valuation within the next 18 months, solidifying a new era of tech leadership powered by artificial intelligence.
