Nvidia Leaps Aramco to Be World’s Third Most-Valuable Company
- Chipmaker rallies 70% in 2024, adding $883 billion in value
- Stock trails only Apple and Microsoft in market capitalization
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Nvidia Corp. has claimed another milestone by overtaking Saudi Aramco in market value, making the chipmaker the world’s third-most valuable public company after Apple Inc. and Microsoft Corp.
The company rises 2.5% on Monday reaching $2.11 trillion, after closing above the $2 trillion mark for the first time on Friday. Meanwhile, Aramco’s value dipped to $2.01 trillion, according to data compiled by Bloomberg.