On Tuesday, June 3rd, the American artificial intelligence chip giant Nvidia officially surpassed Microsoft in market value at the close of the U.S. stock market, once again taking the top spot as the world’s most valuable company, showcasing its key position in the AI era.
According to trading data, Nvidia’s stock price rose by 2.8% that day, closing at $141.22, up $3.84 from the previous trading day’s $137.38. Over the past month, the stock price has accumulated a growth of over 24%, reflecting the market’s high confidence in the strong demand for its AI chips.
Despite facing export controls to China by the U.S. and potential tariff impacts, Nvidia continues to show strong growth momentum. Recently, the U.S. government partially relaxed export regulations for AI chips, coupled with Nvidia’s partnership agreement with the Saudi Arabian startup Humane, and impressive financial performance, further boosting investor confidence and driving up stock prices.
Currently, Nvidia’s market value stands at $3.45 trillion, slightly higher than Microsoft’s $3.44 trillion, with Apple ranking third at around $3.04 trillion.
Since June 2024, Nvidia, Microsoft, and Apple, the three tech giants, have taken turns dominating the global market value rankings. Nvidia has now taken the lead for the third time, the previous two occasions being on June 18, 2024, and January 24, 2025.
The core growth driver for Nvidia comes from its high-performance AI accelerators, particularly the H100 and the latest generation B100, widely used by tech giants such as OpenAI, Google, Meta, Amazon, and others for AI training and inference platforms, significantly boosting revenue and profits to record highs.
According to the latest quarterly financial report for the first quarter of the 2026 fiscal year (as of April 2025), Nvidia achieved revenue of $44.1 billion, a 69% year-on-year increase, with the data center business contributing $39.1 billion, up 73% year-on-year. Despite the impact of U.S. export restrictions on China, resulting in a $4.5 billion write-down of H20 chip inventory, net profit still reached $18.8 billion, demonstrating its solid leading position in the global AI computing market.