Nvidia overtakes Apple as world’s second biggest company – should you invest?

The chipmaker continues to soar. How long until Nvidia overtakes Microsoft and should you invest in its stock?

Nvidia Hits $3 Trillion Market Cap
(Image credit: NurPhoto / Contributor)

A few years ago, many people had never even heard of Nvidia, but yesterday (5 June) it overtook Apple as the second largest company in the world. 

The artificial intelligence (AI) boom has given the company’s share price a ticket to ride in recent years, and it has soared to meteoric heights. Nvidia’s market value (share price multiplied by the total number of shares) has now hit the $3 trillion mark – only Microsoft ranks higher in terms of market capitalisation. 

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
Katie Williams
Staff Writer

Katie has a background in investment writing and is interested in everything to do with personal finance, politics, and investing. She enjoys translating complex topics into easy-to-understand stories to help people make the most of their money.

Katie believes investing shouldn’t be complicated, and that demystifying it can help normal people improve their lives.

Before joining the MoneyWeek team, Katie worked as an investment writer at Invesco, a global asset management firm. She joined the company as a graduate in 2019. While there, she wrote about the global economy, bond markets, alternative investments and UK equities.

Katie loves writing and studied English at the University of Cambridge. Outside of work, she enjoys going to the theatre, reading novels, travelling and trying new restaurants with friends.